Life Resource Planning for Aging Seniors

Make a clear plan to protect your savings, health, and care choices. Our Life Resource Planning process helps you understand options, lower stress, and make confident decisions for the years ahead.

What You’ll Get

  • Clear steps to preserve assets and income
  • Guidance on care options at home or in a community
  • Support with Medicare, Medicaid, and veterans’ benefits
  • Help for family caregivers and written care agreements
  • A simple legal and end-of-life planning checklist

What to Include in a Complete Senior Estate Plan

Older couple reviewing finances and savings plan at home to manage expenses and protect assets.

1. Preserve Savings and Assets

Why it matters

Unexpected home repairs, rising utilities, and medical costs can drain savings, especially on a fixed income.

What you can do

  • Create a simple spending plan that prioritizes health, housing, and safety.
  • Review insurance coverage (health, home, auto) to avoid uncovered losses.
  • Ask about programs that reduce monthly costs (utilities, food, housing, transportation).
  • Explore safe asset-protection strategies with licensed professionals.

How we help

We connect you with specialists who can review your situation and suggest the right programs and protections.

2. Maintain Income and Manage Debt

Challenges

Income often lags behind inflation. Medical expenses, scams, or poor purchases can add debt.

Options to consider

  • Benefits checkup to find income-boosting programs.
  • Review Social Security claiming strategies (if not yet filed).
  • Debt review: negotiate interest rates or consolidate safely.
  • Reverse mortgage (for homeowners age 62+): no monthly mortgage payments required, but interest accrues; you must live in the home, pay property taxes, insurance, and upkeep. Not right for everyone.

How we help

We connect you with vetted advisors who explain options in plain language so you can decide with confidence.
Financial advisor helping a senior understand income options and debt management strategies.
Senior discussing estate plans and document organization with adult children.

3. Transfer Assets to Loved Ones

The risk

Long-term care costs (home care, assisted living, nursing homes) can deplete a nest egg.

Smart steps

  • Coordinate estate and care planning early.
  • Review beneficiary designations on accounts and policies.
  • Consider trusts or other lawful strategies with an elder law attorney.

How we help

We introduce you to attorneys who focus on elder law and asset preservation.

4. Maintain Good Health

Small daily steps make a big difference
  • Move your body every day (walk, stretch, light strength).
  • Eat balanced meals and stay hydrated.
  • Keep up with screenings, vaccines, and medication reviews.
  • Stay socially active and keep your mind engaged.
We can connect you with local programs that support healthy aging.
Healthy senior woman staying active and maintaining good health through daily exercise.
Seniors enjoying group wellness activities that support healthy and successful aging.

5. Strategies for Successful Aging

Build a routine you enjoy
  • Purpose: part-time work, volunteering, hobbies.
  • Fitness: simple exercise you can keep up.
  • Safety: fall-prevention checks and home modifications.
  • Brain health: sleep, hearing checks, and activities that challenge your mind.

6. Find the Right Place to Live

  • Stay home with support: in-home care, adult day programs, home modifications, technology for safety.
  • Independent or assisted living: maintenance-free living with optional support.
  • Memory care or nursing home: for higher medical or supervision needs.
We help you compare costs, services, and availability—and find a good fit for your budget and preferences.

    7. Understand Services That Support Aging

    You may qualify for:
    • Area Agency on Aging services, senior centers, meal and nutrition programs
    • Home energy and housing assistance
    • Transportation, caregiver training, and respite programs
    • Food assistance and other community resources
    We help you find and apply for programs in your area.

      8. Plan for Long-Term Care

      Many people will need help with daily activities (bathing, dressing, meals, medication reminders) or household tasks.

      Care options

      • Family caregiving with training and respite support
      • Hired caregivers at home
      • Assisted living, memory care, or nursing home
      We help build a realistic care plan and budget so you are prepared.

        9. Understand Family Caregiving

        Care at home can be rewarding but stressful
        • Watch for burnout and health impacts on the caregiver.
        • Get training on safe transfers, medication management, and dementia care.
        • Use respite care to prevent exhaustion.
        We connect you with caregiver support, coaching, and tools.

          10. Create a Family Care Plan and Caregiver Agreement

          Why it helps

          • Clarifies roles and expectations
          • Reduces conflict and resentment
          • Documents any payment for caregiving to remain compliant for benefits

          Steps

          • Hold a family meeting
          • List tasks, schedules, and backup plans
          • Put it in writing; have all contributors sign
          We can facilitate the meeting and draft a simple, clear agreement.

            11. Medicare and Medicaid: Long-Term Care Basics

            Medicare

            • Covers short-term skilled care and home health under certain conditions
            • Does not pay for long-term custodial care or assisted living

            Medicaid

            • Helps pay for nursing home care and, in many states, assisted living or in-home services
            • Has income and asset limits, with complex rules
            We help you understand eligibility and lawful ways to plan. We’ll connect you with qualified professionals to protect assets where possible and appropriate.

            12. Veterans’ Long-Term Care Programs

            • VA Pension with Aid and Attendance: may provide extra monthly income for eligible wartime veterans or surviving spouses to help pay for care
            • State veterans homes: often lower-cost care options
            We help verify eligibility and guide your application.

            13. Other Veterans’ Benefits

            • Disability compensation (eligibility or increases)
            • VA health care (often low or no cost with modest copays)
            • Burial and survivor benefits
            We direct you to accredited VA resources and experienced advocates.

            14. Long-Term Care and Short-Term Care Insurance

            • Long-term care insurance: often best purchased in your 40s–50s; approvals are harder and costs higher at older ages
            • Short-term care insurance: may cover up to 12 months and is often more accessible and affordable for seniors
            We introduce you to trusted, independent agents who can compare options.

            15. Legal Documents for Later Life

            Review or create these documents (ideally updated within 3 years)
            • Durable power of attorney (financial)
            • Health care power of attorney and advance directive
            • HIPAA authorization
            • Will and, where appropriate, a trust
            • Beneficiary designations on accounts and policies
            Special note: Medicaid planning and tax strategy require experienced professionals. We can connect you with elder law and tax experts.

            16. End-of-Life Planning

            Bring peace of mind
            • Discuss care preferences, comfort measures, and hospice
            • Preplan or prepay for funeral and burial if desired; coordinate with Medicaid rules
            • Document wishes so your family is not left guessing

            How We Work

            Free Phone Assessment & Plan

            A quick 10-minute call to understand your needs and create a clear, personalized plan.

            Provider Match

            We connect you with vetted local providers who are the best fit for your care and lifestyle.

            Ongoing Support

            Enjoy peace of mind with continuous support and regular check-ins—so you are never on your own.

            Frequently Asked Questions

            What is Life Resource Planning?
            A coordinated approach to aging that covers money, health, housing, care, benefits, and legal documents—so you can make decisions with confidence.
            When should I start?
            As soon as possible. Planning early preserves more options, but we can help at any stage.
            Can I get help without spending down everything for care?
            In many cases, yes. With professional guidance, you may qualify for benefits while lawfully protecting certain assets.
            Can I stay at home?
            Often yes, with the right supports. We help you build a safe, affordable plan to remain at home as long as possible.
            Do you provide legal or tax advice?
            We are not a law firm or tax advisor. We coordinate with licensed professionals and make warm introductions.