With each passing year, you cannot escape the reality that you are getting older. While elder care is the last thing on your mind in your 20’s, it should be a topic of importance as you age or near retirement. Because nursing homes and long-term care facilities are costly and could quickly deplete your savings, it is important to plan for this possibility well before it becomes necessary.
Planning for nursing home care
Whether it is for yourself or a loved one, no one anticipates or is confident that they will spend their final years in a nursing home. In fact, many hope that it will not be a necessary step to take. Unfortunately, many elderly individuals will be faced with the high costs of nursing homes, long-term care facilities or in-home care because no planning was done to protect their assets and savings.
At Pope Law Firm, PLLC, our attorneys use their extensive knowledge and experience in elder law to help our clients plan and prepare for elder care. Our firm focuses on financial planning tools, so you can take the necessary steps to protect your rights, interests and life savings.
Understanding elder care law
Young or old, navigating elder care law can be complex and overwhelming. You may not know the questions to ask, what your options are or the care you could receive. As such, it is important to understand the facilities available to you in the area, if certain requirements need to be met, if they are Medicaid eligible and what estate planning strategies could be used to protect you and your assets.
A legal professional can help guide you through the process, ensuring you understand your options and legal rights. Taking the time to complete this process now could save you time and money if elder care is required in the future.