What documents should I have in my estate plan that will help me plan for long-term care?
In most estate plans you would want a Last Will and Testament. You would probably prefer to have a durable power of attorney in order to avoid the expense of a guardianship proceeding. Certainly a pre-need guardianship is one simple document that can save excess costs later on. A health care surrogate and a Living Will are also important documents. For Medicaid planning or long-term nursing home care planning, having the proper Trust, whether it’s a Qualified Income Trust or a Special Needs Trust, those documents can be very helpful. Please seek an attorney who understands Medicaid planning and Elder Law when you have these questions.