As we age, chances are that most of us will require some type of assisted living or long-term care at some point. The two big questions are: where will you live, and how will pay for it? The answer is usually, “I’m going to live in my house until I die,” OR “I’m going to live with my children until I die.” Rarely are either of these solutions tenable on their own, however. Jarvis & Modun will help you understand your best options for implementing a plan to ease the burden associated with the high cost of long-term care, whether it happens in your home, your family’s home, or outside of your home.

Elder law planning also encompasses planning for incapacity in case you become unable to make or communicate decisions. A sample of tools include:

• Creating a power of attorney allows your financial affairs to continue even if you cannot be present.

• Advanced Directives give you the chance to specify the type of medical care you are willing to undergo; it also allows you to name an individual to make choices for you in emergency situations.

• A Last Will and Testament provides instructions on how your property will be distributed.

• Establishing a Trust will protect your assets, prevent the cost of nursing home care from depleting all of your assets, control your assets even after you pass away, provide for a loved one with a disability without jeopardizing their eligibility, and reduce your estate taxes.

Many different types of plans exist in the realm of elder law and each can be customized to meet your specific goal. Jarvis & Modun will work with you to make a plan that fits your needs.