Planning for the Future: Estate Planning for Continuing Care


The importance of proactively planning for the future, particularly concerning estate planning for continuing care, cannot be emphasized enough. Such foresight allows you to transition into your older years smoothly, safeguard the welfare of your family and friends, and guarantee that your legacy is maintained as per your intentions. Continue reading to learn more about why planning for continuing care is essential and how to navigate the process confidently.

What Is Estate Planning for Continuing Care?

Estate planning for continuing care is more than just preparing for the end. It’s about creating a plan that aligns with your wishes and values so you or your loved ones receive the necessary care and support should you become unable to manage your affairs. 

As you age, the possibility of needing long-term care increases, like a Life Plan community or home healthcare. These services can be costly and may significantly impact your savings and assets. Discussing estate planning with your financial planner or wealth advisor lets you explore options for funding long-term care, including establishing trusts or insurance policies.

In the context of continuing care, estate planning involves ensuring that the required financial provisions are in place to guarantee continuous, long-term care for yourself or your loved ones. 

The Importance of Estate Planning for Continuing Care

Estate planning for continuing care is critical for several reasons:


  • Financial Security
    Advanced planning ensures that you or your loved ones have the necessary resources for long-term care needs.


  • Tax Efficiency
    Estate planning can help minimize tax liabilities for your heirs and beneficiaries. Starting early means you have more time to strategize and take advantage of various tax planning opportunities, like gifting or establishing tax-efficient trusts.


  • Choice and Control
    It provides an opportunity to make decisions about future care and living arrangements, allowing you to retain control even if you become incapacitated.


  • Peace of Mind
    Knowing a plan is in place provides peace of mind for you and your family, reducing worry about the future.


  • Family Dynamics
    Early discussions with your financial planner or wealth manager about estate planning allow you to address any potential conflicts or complexities that may arise within your family. Open communication and clear instruction can help prevent future disputes over assets or care decisions.


  • Flexibility and Adjustments
    Life is unpredictable, and circumstances may change over time. An early start on estate planning offers you the advantage of periodically reviewing and adjusting your estate plan as needed. It allows you to adapt to significant life events, like marriage, divorce, the birth of children, or changes in financial circumstances.

Key Elements of Estate Planning for Continuing Care

  • Long-Term Care Insurance
    Long-term care insurance covers care not generally covered by health insurance, Medicare, or Medicaid. The policyholder pays an annual premium, and in return, the policy provides a daily amount for services to assist them with their daily living activities. Long-Term Care Insurance may also be able to integrate with certain Life Plan contracts at Life Plan communities.


  • Living Trusts
    A living trust helps manage your assets during your lifetime and distributes the remaining assets after you’re gone. In the case of continuing care, assets in a living trust can be used to fund care services.


  • Power of Attorney
    A power of attorney is a legal document giving one person (the agent or attorney-in-fact) the ability to act for another person (the principal). The agent can have broad or limited legal authority to decide on the principal’s property, finances, or medical care.


Early estate planning allows you to be proactive, make well-informed decisions, and ensure that your wishes are fulfilled while protecting your financial interests and the interests of your loved ones. Talk with your financial planner or wealth manager for guidance to develop a comprehensive estate plan tailored to your unique situation and goals.

Whether you’re contemplating transitioning to independent apartments and villas, cottages, or Seabury At Home, adults 50 and older can count on Seabury. We provide peaceful living opportunities, including for those dealing with memory loss. Our philosophy centers on our residents’ physical, emotional, and spiritual wellness. 

Our continuum of care model is designed to make Residents’ lives as comfortable as possible. Your Life Plan Contract at Seabury also includes, should you require it in the future, a transition to assisted living, memory support, and nursing care services for the same monthly fee. Contact us today for more information!