The U.S. Department of Health and Human Services indicates that seven out of ten Americans who reach the age of 65 will require some level of long term care. Long term care could include Skilled Care Nursing Home, Memory Care, Assisted Living, or In-Home Care. The cost of long term care can reach $100,000 or more, annually. Medicare and private health insurance do not cover long term care over an extended period of time. The costs of care are paid for out of pocket using regular income and other asset resources available.
Because of the potentially tremendous expense of long term care, many individuals and families make attempts to preserve some of their assets. The elder law attorneys at our firm are experienced in asset protection planning strategies are able to work with you and your family to plan and establish an asset protection plan using trust planning and other elder law techniques.
Because of the potentially tremendous expense of long term care, many individuals and families make attempts to preserve some of their assets. The elder law attorneys at our firm are experienced in asset protection planning strategies are able to work with you and your family to plan and establish an asset protection plan using trust planning and other elder law techniques.