What elements should be including in long-term care planning?

| Apr 4, 2017 | long term care planning

Long-term care is often needed as a person gets older and is no longer able to physically or mentally care for him or herself in Illinois. When the time comes, if you do not have a plan in place, relatives are often tasked with making decisions. In order for you to retain control over your life, planning is required. According to NIH Senior Health, long-term care planning should cover financial, medical and matters.

Financial matters may include giving someone a power of attorney in order to allow him or her to access your bank accounts and the right to handle your financial matters in the event you can no longer do so. You should consider setting up a payment plan for how your care will be paid for. In addition, you should review your finances and keep this up-to-date. Include any passwords or pin numbers that will be needed to gain access to your financial accounts.

Your medical plans need to include information about what you want to be done in the event that you are on life support or if you want life saving measures to be used. You should outline your wishes so that there are no questions if anything should happen to make you unable to make decisions on your own. You may also want to create a health care power of attorney.

Housing is a big consideration. You have to outline what you want to happen if you can no longer live on your own. Consider your options to come to a decision. Also, make provisions for what you want to be done with your home if you own it. This is general information only and is not intended to provide legal advice.