ELDER LAW AND MEDICAID PLANNING
Healthier lifestyles and enhanced medical care have improved life expectancies in the U.S. to an all-time high. This means more seniors will need some form of long-term care. Whether it’s in-home assistance or a long-term nursing home stay, chances are we will need this type of care at some point in our lives.
The problem is that long-term care is growing more expensive every day. The average cost can range from $4,000 to $12,000+ per month, depending on where you live and the type of care you require. Unfortunately, due to these costs, some studies suggest that two-thirds of families will run out of money within the first year or two of moving into a nursing home. What makes things worse is that most private health insurance plans and medicare don’t cover long-term care costs.
Whether for yourself or your aging parents, or someone else you know. The Lohman Law offices can help you plan for the financial, medical, and legal challenges that come with growing older.
HOW CAN WE HELP WITH ELDER LAW AND MEDICARE PLANNING
It is terribly heartbreaking, but we are seeing more and more seniors lose their entire life savings (and sometimes their inheritance they planned to leave for their families) to these exorbitant healthcare prices. The best solution to avoid this is proper planning.
The Lohman Law Offices can help guide you through the planning process so you can rest assured that you and your loved ones will have the proper safeguards in place, and that you are guaranteed the maximum quality long-term care you need and deserve.
We can help you qualify for Medicaid and other benefits to help cover the ongoing expenses. We will also utilize trusts and other asset-protection strategies so that you and your loved ones can take advantage of government benefits without spending down all of your assets or losing everything you own.
Our plans are comprehensive and allow you to live out your golden years without the worry of financial hardship. Contact us today to get started.
ALL ELDER LAW PLANNING IS DIFFERENT
Elder law includes a number of issues that are intertwined with traditional estate planning. for example, it is essential that you have your last will, trusts, and advanced directives reviewed by your durable power of attorney at least every three years. If your plan does not include specific special provisions, it will create unnecessary problems for your family and estate planning attorney.
Handling the complex elder law landscape can be challenging. Having an experienced lawyer who is familiar with the process of long-term care planning is essential, not only for the security and care of your loved ones, but also your peace of mind.
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