Elder law, disability benefits, asset protection, Medicaid, family caregiver

Avoid Going Broke to Pay for Staggering Nursing Home Expenses

Seventy percent of people turning age 65 can expect to use some form of long term care (“LTC”) during their lives. One-in-twelve individuals age 65 and older will experience a dementia-related condition; a full 50% of those older than 85 will. In the next 20 years, the number of seniors reaching 100 years will more than double.

HOW MUCH IT COSTS

The Ten Most Avoidable Estate Planning Mistakes

Only 4 in 10 Americans have an estate plan in place, and many of those have the wrong estate plan. Estate plans are not just for the rich and famous. Most people have at least one thing of value, such as money in the bank, a car or a home. Far too often, people make the mistake of failing to properly plan for economic security for their families should they encounter incapacity or death.

Proving a Transfer was Made for a Purpose Other Than to Qualify for Medicaid

Medicaid law imposes a penalty period if you transferred assets within five years of applying, thus increasing your burden to pay for long-term care. But what if the transfers had nothing to do with Medicaid? It is difficult to do, but if you can prove you made the transfers for a purpose other than to qualify for Medicaid for long-term care (LTC), you can avoid a penalty.

Addressing Long Term Care and Estate Planning

America’s elderly and disabled members face a looming crisis.  A gathering storm approaches.  And it centers on the ever-increasing costs of providing care to those who are unable to care for themselves.  Millions of our citizens are forced to go broke, spending down their hard-earned life’s savings and selling their homes, to pay for nursing home or other Long Term C

What You Need to Know Now to Prepare for the Coming Caregiving Crunch

Read this excellent article by Ken and Maddy Dychtwald, co-founders of Age Wave, on the challenges and blessings of being a family caregiver. Contact the Wesolick Law Firm for questions about caring for an elderly or disabled loved one and the planning that we can offer to preserve your financial resources while maintaining or qualifying for government assistance programs.

Would you like to schedule a time to discuss?
We have a wealth of experience in Wills, Living Trusts, Geriatric Care Planning and Estate Planning.

 WesolickLawFirm@gmail.com

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