Elder Care Law is a term that includes Disability Planning, Guardianships, Medicaid Planning, Veterans Benefits, and foundational Estate Planning. Elder law planning seeks to preserve your money, income, and assets, to be used for your benefit and care while you are alive.
Generally speaking, Elder Law is concerned with making sure that you and your loved ones are adequately prepared to deal with the medical, financial, and legal challenges you will face as you grow older.
Specifically, we can help you put a plan in place to ensure that you have the maximum protection for, and flexibility in, dealing with your assets, should you become incapacitated, or require an extended assisted living facility or nursing homestay. We also help you plan for the smooth, orderly transition of your affairs to your loved ones after you’re gone.
Why is preparing for the high cost of long-term care so very important? Consider the following statistics:
Almost one in two women and one in four men find themselves in nursing homes at some point in their lives nursing home care in Florida averages around $6,000 - $8,000 a month, and in some cases, considerably more. Worse, the cost of long-term care is expected to rise dramatically in the future.
Approximately two out of every three families run out of money within a single year upon entering a nursing home. With a properly designed and implemented plan designed by an attorney who focuses on elder law, you can protect your life savings against the skyrocketing cost of long-term care. And, enjoy the peace of mind that comes from having an effective plan in place for whatever the future holds.
Most families don't consider planning for Medicaid until its too late. This is a helpful article published by US News describing Medicaid and it's requirements: https://www.usnews.com/patient-advice/articles/medicare-coverage-nursing-home-care