Elder Law and Medicaid Planning
At The Intersection Of Legal Planning and Life Expectancy
Who Needs Long-Term Care Planning?
Thanks to healthier lifestyles and enhanced medical technology, life expectancies in the U.S. are at an all-time high.
But this also means more seniors will require some form of long-term care. Whether in-home assistance or a long-term nursing home stay, it is becoming inevitable that most of us will require such care at some point in our lives.
The challenge is that long-term care is growing more expensive every day.
In fact, some studies estimate that nearly two-thirds of families will run out of money within the first year or two of moving into a nursing home. Unfortunately, most private health insurance plans and Medicare do not cover long-term care costs – which can average $4,000 to $12,000+ per month in the U.S. depending on where you live and what level of care you require.
Whether for yourself or your aging parents, at The de la Torre Law Office LLC we can help you plan for the financial, medical, and legal challenges that come with growing older.
We are here to help you develop a comprehensive plan to ensure your wishes and preferences are honored in the future, and to protect you and your assets if you become incapacitated and require assisted living or nursing home care.
Thanks for your interest. I know you have a lot of options when it comes to legal planning. I look forward to meeting with you. Schedule today!
How Elder Law and Medicaid Planning Can Help
With such exorbitant costs of long-term care, it is no wonder we are facing a looming elder-care crisis in this country. Indeed, it is heartbreaking for seniors to see their entire life savings (and the inheritance they worked so hard to leave their family) get gobbled up by long-term care expenses.
Fortunately, with the proper planning in place, you can rest assured that you and your loved ones will have the proper safeguards in place to keep you at home as long as you desire, cover the expenses of your care and receive the maximum quality of care when it is needed.
We can also help you qualify for Medicaid and other benefits to help cover these ongoing expenses.
Indeed, utilizing trusts and other asset-protection strategies you and your loved ones may be able to take advantage of government benefits without “spending down” all of your assets or losing everything you own. We can help you design a comprehensive plan that allows you to live out your golden years without worry or financial hardship.
Elder Law Is Not Cookie Cutter
Elder law involves a number of issues that are intertwined with traditional estate planning. For example, it is essential to have your durable power of attorney, last will, living trusts, and advanced directives reviewed at least every three years.
Your plan must include certain special provisions that – if not included – will create unnecessary obstacles for your family and your estate planning attorney.
Navigating the complex elder law landscape can be a daunting task. Having an experienced lawyer who is familiar with the process of long-term care planning is invaluable for ensuring not only the security and care of your loved ones, but also your peace of mind.
No Time For Mistakes
Learn The Six Major Mistakes Families Make When Choosing An Estate Planning Attorney
... And How To Make A Loving Choice For Your Family
Let me help you protect the people and things you love to make sure they stay out of court and out of conflict.
Enter your name and email address so we can send it to you. We love your privacy – we will never spam you.
stay up to date with the latest news
We appreciate your interest in The de la Torre Law Office LLC. Please know that our website is provided for informational purposes only. It should not be considered legal advice and visitors to our website should not take action upon this information without first discussing it with a legal professional.
Your visit to this website or transmission of information does not create an attorney-client relationship with The de la Torre Law Office LLC generally, or any of its attorneys. If you wish to contact anyone at The de la Torre Law Office LLC, please do not disclose any information that you consider to be confidential in that communication. Before an attorney-client relationship can be established, an attorney from The de la Torre Law Office LLC will need to confirm that the firm does not already represent another entity involved in the matter and that the firm is willing to accept representation.
The de la Torre Law Office LLC will regard any information or materials you transmit as confidential only after this confirmation by the firm to you that it is willing to accept representation. Until such time, all unsolicited inquiries or information received by The de la Torre Law Office LLC will not be regarded as confidential, even if considered confidential by you, and will not preclude the firm from accepting representation of other entities that may be adverse to your interests.