Posted on: Jul 25, 2017
In 2012, 9 million Americans needed Long-Term Care. By 2020 that number is expected to increase to 12 million. A 2013 study conducted by the Associated Press-NORC Center for Public Affairs Research revealed: “There are widespread misperceptions among those 40 or over surrounding the costs of long-term care services, with significant proportions of the population underestimating the costs of nursing home care and overestimating the role of Medicare in paying for that care.”
Planning for Long-Term Care is an essential part of any Estate Plan.
Long-Term Care is a range of services and support for a person’s personal care needs. It provides help with Activities of Daily Living (ADLs), such as moving, eating, dressing, bathing, managing medication, and going to the bathroom. In general, Long-Term Care is not medical care, but rather is help with ADL personal tasks.
While we cannot predict if or how much Long-Term Care will be needed, we can design an Estate Plan that addresses every contingency you and your family may face with aging, illness, or incapacity. At Elder Law Group PLLC, we take a holistic approach to Elder Law. We believe this approach ensures quality of life and helps maintain autonomy and dignity, while preserving assets.
Our firm is knowledgeable about the legal issues associated with, and benefits available for planning for Long-Term Care. We will carefully and competently guide you through your options and help you plan for your future needs. Together we will create a plan that eliminates worry and fulfills goals such as:
- Protecting your assets for a well-spouse and family if one spouse becomes ill and needs Long-Term Care.
- Qualifying for Medicaid Long-Term Care benefits.
- Finding and keeping appropriate Long-Term Care services.
- Avoiding the State’s lien on assets for Medicaid benefits provided.
- Creating necessary Estate Planning documents, including a Will, Durable Powers of Attorney, and a Health Care Directive.
- Advance planning for your estate to ensure flexibility as your circumstances change.
Planning for Long-Term Care
At Elder Law Group PLLC, through the implementation of Medicaid Asset Preservation Strategies TM (MAPSTM) we help our clients protect assets, obtain Medicaid benefits, and create necessary Estate Planning documents. We provide Estate Planning to protect you and your assets from Long-Term Care costs.
As skilled asset protection lawyers, we will give you legal advice on the best options available to meet your objectives and protect the assets you have accrued over a lifetime. We invite you to learn more about our team here, and read what our clients have to say about us here.
Contact us or call (509) 468-0551 (Spokane office), or (509) 579-0206 (Tri-Cities office), for personal, compassionate guidance on Long-Term Care, asset protection, and Estate Planning.