While most people don’t like to think about getting older, waiting to plan for elder care can limit your options when it comes to lifestyle, budget and wellbeing. Your need for long-term care could impact the financial viability of your spouse. Or you may wonder whether a parent’s assets will outlast their long-term care needs.
Did you know that over seventy percent (70%) of people will need long term care during their lifetime? The cost of that care can easily reach $10,000 per person per month.
How Will You Afford the Cost of Long Term Care?
- If needed, do you want in-home care or nursing home care?
- Can you afford in-home care?
- Can you afford the nursing home of your choosing?
- Is having a private room important to you?
- How can you save for future care?
- How can you qualify for government benefits such as Medicaid?
- How do you protect your assets for your surviving spouse and family?
The Earlier you Plan, the Better Your Options Are.
Long-term care planning is a complex issue and can be emotionally challenging. Long-term care insurance can be expensive, and policies can be confusing. There are also strict laws associated with Medicaid qualification, including income limits and wealth transfer laws that could exclude you from benefits.
THERE IS A SOLUTION
Call MGM Law Firm for a consultation with a highly qualified and compassionate attorney to assist you in determining your options.