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Why a Will Isn't Always Enough When Dealing With Special Needs
Taking care of a loved one with a disability or special needs can be a daunting task. The responsibility of creating and maintaining a structured daily routine and careful financial planning takes time and close attention to detail. For the most part, it’s manageable and you feel in control of your loved one’s well-being because you’re there; you’re present.
Medicare, Medicaid and Long-term Care
Understanding government-sponsored programs can be confusing and complex. But, it is also critical to know how they affect you and your loved one’s long-term care needs. While they are separate programs, Medicare and Medicaid both work to provide healthcare coverage. Medicare is a federal program that was designed to assist in long-term care for the elderly, persons 65 and older. It also covers people with certain disabilities.
Why Do I Need a Will?
I have been asked many times “Why do I need a Will?” Many couples and individuals underestimate the importance of estate planning and the necessity of creating wills. They often think it isn't necessary either due to age, minimum assets, no kids or because they simply consider themselves immortal. Even if you currently feel indestructible like Luke Cage, Super Man or Wonder Woman, you should seriously begin planning for the future and create a will.