We’re taught early on that the Fountain of Youth won’t last long. We do what we can to protect ourselves from the inevitable: crow’s feet, sallow skin, arthritis, flabby arms. We get Botox injections, take our vitamins, do yoga, pump iron. Not all our concerns about aging should be cosmetic, however. Few think about how the costs of poor health, loss of mobility, in-home nursing care, and nursing home facilities can affect your life savings and your family.
Many people don’t realize that they can plan ahead and be prepared when aging begins to affect more than the strength of their wrinkle cream. Elder Law is a specialized area of law that involves assisting seniors, people with disabilities, and their families with a variety of legal issues, from estate planning specifically for seniors to long term care issues to asset protection. Estate planning can be summed up as: What happens when I die? Elder law planning is for: What happens if I live?
May is National Elder Law Month. This is the perfect time to explore what that means to you and the people you love the most. If we are willing to buy the best creams and potions to protect our face from the inevitable, why not protect your assets and your family from the inevitable high costs of long-term care. Keep in mind that approximately 70% of all people over 65 will need some type of long-term care services. You can prepare now and learn now.
If you or a loved one are dealing with the costs of aging and the costs of long-term care, you may have already come across the many Medicaid Myths that cause worry and confusion. Here are the top 3:
- I’m going to lose my home;
- I’m going to have to spend all my money and have nothing left;
- The State is going to get everything.
Legacy Law Firm, P.C. wants to tell people that these are false if proper planning is done. If you are single and in need of care, if you are married and your spouse is going into a long-term care facility and you worry about losing everything, or if you are making the proactive step to plan ahead long before care is needed – You have options.
Legacy Law Firm, P.C. would be honored to help you learn about your planning options whether you are doing proactive planning or emergency planning. We have the expertise, experience, and legal solutions for you and your family. We understand your desire to live a comfortable, secure life, and we want you to have the peace of mind that you have taken steps to protect yourself, your loved ones, and your family. Make your move today, and call to learn more about Elder Law. You’re worth it.
If you are interested in learning how we can assist you or your loved one with elder law planning, please contact Legacy Law Firm, P.C. at (605) 275-5665 to schedule a free consultation!