Long-Term Care Planning

Roughly 70% of all adults will need some form of long-term care in their lives, and that care can be expensive.

A nursing home in Ohio can cost in excess of $100,000 per year. Moreover, Medicare will not cover most of the costs associated with long-term care.

In order to protect your assets from the costs of long-term care, it is best that you engage in proactive planning while you are still healthy. There are several strategies that we can use in order to accomplish your goals. These range from the use of long-term care policies to using irrevocable trusts. Every plan is unique and should be designed with your wants, need, and financial concerns in mind.

The one thing we strongly advise against is simply just giving your assets away in order to qualify. These “gifts” could have some very damaging consequences in the future. Therefore, it is important that you consult with a competent elder law attorney, so you can plan correctly for long-term care.

Call Sean McCauley today and start protecting your assets from the high cost of nursing home care. Start protecting your assets from the high cost of nursing home

Latest Articles

January 26, 2021
Daughter is caregiver for elderly mother

Caregiving for an aging parent

General Topics to Consider When Caregiving for an Aging Parent It is essential to bring up a parent’s aging expectations and set goals together even though […]
January 26, 2021
Couple signing Estate Planning Documents

Is your Financial info in order?

Is Your Financial Information in Order? Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you […]
January 21, 2021

The Probate Attorney

Does the Probate Attorney Represent the Executor or Estate Heirs? Whether you are the Executor or an heir of the probate estate, knowing the lawyer’s role […]