Elder Law Planning
Whether for yourself or for your aging parents, you want to make the best financial, medical, and legal decisions that come with growing older. We can help you develop a comprehensive plan to ensure your wishes are honored in the future and protect you and your assets if you become incapacitated and require assisted-living or nursing-home care.
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10K – U.S. Adults Turn 65 Every Single Day, According to ElderLawCollege.com
Of the 70M baby boomers, 10,000 turn 65 every day, meaning that our medical system will soon be overburdened with aging individuals needing care. Expect – and plan around – an exorbitant increase in medical costs year over year.
$8,000 – Is The Average Monthly Cost For Long-Term Care According to SeniorLiving.org
Without any planning in place, you can expect to spend $8,000 per month directly from your bank account to cover a private nursing home room. Your inheritance is quickly spoken for at that rate, instead of being left to your family.
$350K – Is What A Demented Senior Paid To A Fraudster, According to ABAJournal.com
With age comes not only increased medical costs, but also an uptick in fraudulent schemes targeted at you. No matter your savviness, fraudsters can be savvier, and you want a plan to ensure your family can intervene on your behalf.
Our Approach
Thanks to healthier lifestyles and enhanced medical technology, life expectancies in the U.S. are at an all-time high.
But that also means more seniors will require some form of long-term care and will need to figure out how to pay for it.
Studies show that nearly two-thirds of families will run out of money within the first two years of moving into a nursing home. Unfortunately, most private health insurance plans and Medicare do not cover long-term care costs, which average roughly $8,000 per month, depending on where you live and what level of care you require.
With such exorbitant costs, it is heartbreaking for seniors to see their entire life savings – and the inheritance they worked so hard to leaveto their family – unexpectedly go toward outrageous long-term care expenses instead of their family. Fortunately, with the proper planning in place, you can know that you and your loved ones have the proper safeguards in place to keep you at home as long as you desire, cover the expenses of your care, and ensure you receive the maximum quality of care available.
You may even be able to enjoy governmental benefits without “spending down” all of your assets, although only if you have the right strategies in place.
Navigating the complex elder law landscape can be a daunting task.
We know that having an experienced lawyer who is familiar with long-term care planning can be invaluable for ensuring not only the security and care of your loved ones but also your peace of mind.
Read on for more…
We Help:
- Individuals who know that long-term health issues are on the horizon
- Individuals currently experiencing long-term health issues
- Families helping a loved one transition to a nursing home
- Families are trying to figure out how to keep a loved one home as they age
- Powers of attorney acting on behalf of their loved one who is aging
- Everyone in between who has any elder law needs or concerns
Schedule A Discovery Call Today
By scheduling a free, 15-minute Discovery Call with one of our team members, you can share your questions and concerns, learn more about our firm values and process, and determine if moving forward with our firm is the right next step for your family.
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