The Importance Of Disability Planning For Families And Seniors
Disability planning isn’t just for those who currently have disabilities. With America’s elderly population living longer than ever before, most seniors will need some type of long-term care for the years to come as they grow older. Some may require disability care, but many are unprepared for the financial burden that it can place on their estates. Preparing for the costs of long-term care is one of the best ways to ensure that you or your loved one receives the necessary benefits without having to sacrifice the quality of life.
At Korsinsky & Klein LLP, we handle all aspects of disability planning, both for those who currently have disabilities and those who are looking to establish a comprehensive estate plan. Disability planning is a major focus of our Elder Law practice.
What Is A Disability Plan?
Planning for long-term care, especially for individuals with special needs, is essential for ensuring that you or your loved one will receive the highest quality of care without jeopardizing your life savings. We will help you or your loved one create an ideal plan to ensure that care is provided throughout your lifetime or theirs.
A disability plan should be customized to fit you or your loved one’s individual needs. Depending on the situation, it might include:
- A thorough estate plan that includes Powers of Attorney and Health Care Proxies
- A Special Needs Trust to provide for a loved one with disabilities
- Financial planning to secure Medicaid eligibility while safeguarding your assets
- Guardianships and Conservatorships
We can help you or your loved one craft a carefully tailored disability plan as part of a thorough estate plan. Our Elder Law lawyers have extensive experience helping people secure the coverage and financial safety net they need to navigate the challenges of life with a disability. We can also ensure that your loved ones know what to expect regarding the management of financial and health care affairs in the event that you or your family member is incapacitated and can no longer make necessary decisions.
Plan Ahead With Compassionate Legal Guidance
We provide compassionate representation for clients throughout New York City as well as New Jersey. Call 212-257-0199 or contact us online to take the first step toward peace of mind in planning for the future.