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

April 9, 2021
A person receiving a vaccine shot for Covid-19

You are Fully Inoculated against COVID-19; Now What?

What to Expect after you are completely inoculated against COVID-19 More and more of us are either receiving or becoming eligible to receive the COVID-19 vaccine. […]
April 9, 2021
An image of Senator Bernie Sanders waving

What you need to know about the “99.5% act”

Potential Estate Planning Impacts of the “For the 99.5% Act” Sen. Bernie Sanders and Rep. Jimmy Gomez introduced a new bill, “For the 99.5% Act,” into […]
April 2, 2021
An image of an ambulance, lights are on, parked in front of a hospital

Please Don’t Wait for an Emergency!

Plan, Don’t Wait for an Emergency That sounds like something your mother might say, right? And how often have you wished that you’d followed mother’s good […]