What documents should I have in my estate plan that will help me plan for long term care?
We start with the fundamentals, strong, lifetime, living documents. A durable power of attorney is the cornerstone. We next looked at healthcare surrogate, living will, HIPAA release also known as a general medical release, and a pre-need guardian designation, which will specify the order of service of any guardian needed for you in the future. From there we look at other planning techniques. An irrevocable trust is sometimes helpful if you’re doing legal pre-planning. If you have a too much income problem, a qualified income trust might be necessary in the future at the time of the Medicaid application for nursing home benefit.
Advise from a Florida elder law attorney is essential in this area.