Long Term Care Planning
Prepare for future care needs with a clear, proactive plan.
Long-Term Care Planning Attorney in Wichita & Hays, Kansas
Working with an experienced long-term care planning attorney can help you prepare for the future, protect your assets, and make confident decisions about care and financial planning.
What Is Long-Term Care Planning?
Long-term care planning focuses on preparing for a long life, not just planning for the end of life. We work with individuals and families to create a strategy that helps preserve assets, provide for loved ones, and plan for the cost of future care.
A comprehensive long-term care plan includes coordinating financial, legal, and personal decisions, including how care will be provided, whether in the home or in another setting.
Our goal is to help you create a plan that protects what you’ve built while supporting your independence and quality of life.
Understanding Trust Options
Trusts are often an important part of long-term care and asset protection planning. A trust is a legal arrangement where assets are managed by a trustee according to specific instructions for the benefit of designated individuals.
Different types of trusts serve different purposes depending on your goals.
Revocable Trusts
Revocable trusts, often called living trusts, allow you to maintain control over your assets. You can modify or revoke the trust at any time and retain access to the property within it.
Irrevocable Trusts
Irrevocable trusts cannot be changed once established. Assets placed in the trust are managed by the trustee according to the terms of the trust. These trusts are commonly used for asset protection, Medicaid planning, avoiding probate, and potential tax advantages.
Testamentary Trusts
A testamentary trust is created through a will and takes effect after death. While it does not avoid probate, it can be useful for achieving estate planning goals such as providing for a spouse or caring for a dependent.
Supplemental Needs Trust
A supplemental needs trust helps provide ongoing care and financial support for a loved one with special needs while preserving eligibility for public benefits such as Medicaid and Supplemental Security Income.
Credit Shelter Trusts
Credit shelter trusts are used to help maximize estate tax exemptions. They allow assets to be preserved for beneficiaries while minimizing potential estate tax burdens for surviving spouses.
Planning for a Longer, More Secure Future
Long-term care planning is about more than preparing for care. It’s about creating a strategy that supports your life, your independence, and your family.
Our goal is to help you:
Protect your assets and financial security
Plan for future care needs with clarity
Support your family and loved ones
Make informed decisions with confidence
Long-Term Care Planning Services Include
We help individuals and families in Wichita and Hays develop long-term care plans that may include:
Asset Planning
Asset planning may include a variety of tools, such as wills, revocable trusts, irrevocable trusts, and financial products. We help you select the right tools to align with your goals and protect your assets.
Advance Directives
Who will make decisions for you if you are unable to do so? How much authority should they have? What does quality of life mean to you?
We help you think through these questions and prepare the appropriate legal documents so your wishes are clearly defined.
Financial Planning for Care
How will you pay for care if it becomes necessary? Do you need long-term care insurance? Are there alternatives?
A long-term care plan considers your current financial situation and future needs, helping you prepare for care without unnecessary financial strain.
Frequently Asked Questions
Q. How do I pay for long-term care without losing my assets?
A. Planning ahead can help you explore options for covering the cost of care while protecting what you’ve built. There are strategies that may allow you to structure your assets and plan for future care needs in a way that preserves as much as possible. The right approach depends on your situation, timing, and goals.
Q. When should I start long-term care planning?
A. The earlier you start, the more options you typically have. Planning ahead allows you to make thoughtful decisions and put strategies in place over time. However, even if care needs are more immediate, there may still be options available. We can help you understand what steps make sense based on your situation.
Start Planning With Confidence
Have questions or not sure where to start? Please fill out the form below and our team will follow up to help guide you in the right direction.