Elder Law encompasses a wide range of practice areas, including long-term care planning, Medicaid planning, estate planning, asset protection, and more. We have extensive experience in all of these areas and are committed to helping seniors and their loved ones manage the changes that come with growing older. In particular, we help families cope with the high cost of long-term care.
Our Specialities
Asset Solutions
Estate Planning
Medicaid Crisis Planning
& More
Affordable Long-Term Care Solutions
Managing the cost of long-term care
Americans are living longer than ever before. This is good news, but there is a downside: the majority of us will require long-term care at some point in our lives and 20 percent of us will need long-term care for five years or more.
Long-term care is expensive. How expensive? Consider the following statistics:
- The median cost of nursing home care in the United States for a private room was more than $100,000 per year in 2018
- In certain situations, long-term care costs considerably more, and costs are expected to rise in the future
- Many families exhaust their life savings within two years of a family member entering a nursing home
Long Term Care Planning
Strategic Planning for Future Care Needs
Long-term care planning, also known as Medicaid planning, caters to those who are healthy now but wish to secure their future. It's about ensuring you can access necessary care without depleting your life savings if you become incapacitated. Our planning allows for asset protection while managing your finances and personal matters should incapacity or disability arise.
Having this plan in place means you can rest assured of receiving the care you need if you're ever unable to care for yourself. It's not only about the practicality of care but also about the peace of mind that comes with being prepared for such eventualities.
A Medicaid Crisis
Navigating the Medicaid Crisis Effectively
A Medicaid crisis occurs when an individual in need of nursing home care discovers they own too many assets to qualify for Medicaid assistance. This typically unfolds when someone is already in a nursing home or needs to move into one soon. The revelation that nursing home care could exceed $100,000 annually is understandably alarming for most families.
If you find yourself in this predicament, it’s important not to panic. Often, the information from friends, social workers, nursing home staff, and even Medicaid employees can be outdated or incorrect. Medicaid eligibility laws are complex and frequently updated, and not many people fully understand them. However, we specialize in these regulations and are here to help.
