Aging is a Team Sport: It's good to be the Owner

Welcome to the team sport of aging. 

IInitially at retirement, the team consists of you and your spouse, the wide-open road and the bucket list you finally get to experience. Perhaps, you include a travel agent, someone to clean the house, and a personal trainer to get you up those mountain trails. Age is a blip on the list of daily life…until it starts to impact daily life.

As time goes on, it’s not just “not wanting to clean the gutters”. Some activities become a hazard, so someone else is hired. One by one, activities always managed peel away.

For many Baby Boomers, daily life is no longer "I will figure it out and do it myself." This stage of life requires help that was never needed before.

Help like this can be a hard pill to swallow for Baby Boomers. This stalwart group is know for being called upon to do the hard things and accepting help, let alone asking for help, is not a task many of them are willing to consider.

Asking for Help? or Moving into Ownership.

Looking at “help” could be reframed into as a promotion if you will. You’ve lived a great life and you know how to do all of those things. What if this in season of life, you allow others to learn how to do those things too. For You.

In fact, Think of yourself as the owner of the team.

• Owning the team
• Owning the coaches
• Owning the players
• Owning the vision
• Owning the outcome

Think about a football team owner. They don't call every play. They don't need to throw a perfect spiral or block a linebacker. What they do know is the game — and they hire the best coaches and players for every position on the field.

Earlier in life, you probably handled most things yourself. But after a certain point you need to add specialists to the roster.

• A Contractor to install grab bars in the bathroom
• A Daughter to balance the checkbook
• A Housekeeper/cook to keep up with daily chores
• An Uber to get to appointments
• A Financial Advisor to keep savings on track
• An Attorney for legal tools to protect resources, direct wishes, and support the family

Confident team owners know choosing any of these doesn’t mean you’ve lost control. They know they lead the organization and, they are still the boss when necessary.

When it comes to the Sport of Aging it is no different.

And this time you own something far more valuable.  Your quality of life, no matter the circumstances.

The Owner: Prepared with the right Team

Football team owners do not call every play, treat every injury, negotiate every contract and mow the field. But they set the tone and the vision.

They set it all ahead of time and put the team together so that when a crisis demands a clutch play, the playbook is clear and the team is assembled.

This is trusted team with resources at the ready, is critical for the Team Sport of Aging.

Within the Sport of Aging, unwelcome circumstances appear demanding decisions. If you want those to be well thought out, they need to be made before the heat of the crisis is at the doorstep.

When prepared, all of the decisions (financial/personal/long-term care/housing/relational/etc.) for both opportunities and to mitigate a crisis are easier to make. Decision criteria is laid out, acceptable options outlined, intentions made clear, resources put in place, directive are outlined and each one is aligned with the original vision.

Owning the Sport of Aging means puting all strategies, players and resources in place before any challenger  appears.

This is where elder law planning becomes an important part of the roster. It provides the glue/legal tools that hold everything together, making your wishes feasible, well resourced, and enforceable.

A comprehensive elder law plan also aligns with the rules and limitations of entities like Medicare and Medicaid. 

For example: Medicare states that it generally does not pay for long-term custodial care—the ongoing help someone may need with bathing, dressing, transportation or other daily needs. This comes as a shock to many families. For those families seeking help with long-term care through Medicaid, this can only be accessed after family resources are depleted. 

Making sure those resources are depleted according to Medicaid rules is important, because those rules when not adhered to create penalties in the form of care delays just when the individual needs that help most.

Going beyond a traditional estate plan, elder law planning aligns all of these things and more into a final plan that if necessary, remains Medicaid compliant.

Is it time to explore Elder Law Planning? 

Attend our next Legacy Care Event to learn more about navigating aging, care and the legal decisions ahead, or schedule a personalized appointment with Silvas Law to discuss your family's situation. 

Take the Next Step

👉 Attend our next Legacy Care Event!

"Legacy Care"

The Truth about Long-Term Care & Medicaid
Click Here   ~ www.silvaslaw.com/events

👉 OR schedule a personalized consultation to walk through your options

Schedule a personalized appointment by calling us at 817-264-7447.

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Elder Law planning with Silvas Law.

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Silvas Law is a Personal Family Lawyer® firm, we know the value of planning for the future.
And we know the value of planning for the life you want today and the legacy that extends far beyond your assets.