We don’t like to consider it, but planning for retirement includes planning for financial freedom, but also planning for declining health. A long term asset protection plan combines documents that plan for both sets of needs.
Here are some common concerns that long-term asset protection will address:
- Running out of money if you (or your spouse) become ill and require significant care
- Having control over who provides care for you if you need it
- Choosing the type of care you want and where you want to receive it
- Leaving an inheritance to your loved ones protected from creditors
- Influencing how money or property is used after your death
- Providing support to a loved one with a disability
- Making sure your wishes about care and finances are carried out
If you interested in addressing these concerns, we can help. A long-term care asset protection plan is not a one-size-fits-all set of documents. Each plan is designed based on your concerns, your desires, and your goals. Contact us today to design the right plan for you and your family. Send an email (Lou@lpowerslaw.com) or give us a call at (330) 302-9270 to learn more.