Confused about the difference between Medicare, Medicaid and Social Security. Concerned about the high cost of nursing home care? Who will make decisions for you if you’re incapacitated? Want to preserve your wealth for your family? If you want answers to these questions and more, call a Hopewell, Prince George, Colonial Heights Elder Law attorney today
What is Elder Law?
Elder Law is the planning for financial, health care, long term care and other needs of elderly and disabled adults. With the Baby Boomers reaching retirement, the need for elder law attorneys and competent estate planning services is increasing.
Why Should You See An Elder Law Attorney?
Statistics show that the Baby Boomers will increase the percentage of Americans over the age of 65 from 6% of the total population to 9% of the population by 2030. Unfortunately, the costs of caring for the aging Baby Boomers is increasing. The average annual cost of an assisted living facility in Virginia is increasing at nearly 2% per year. The average annual cost of a semi-private room in a nursing home in Virginia is increasing at 4% per year. If you or your family is forced to pay these costs out of pocket, you will quickly spend all of the assets in your estate. Leaving nothing for your family. Don’t go bankrupt paying for a nursing home? Call us to discuss asset protection strategies.
What Can We Do For You?
Help ensure you get the care you deserve.
Preserve your wealth for your family
Protect your assets from a government spend down
Develop a plan to ease the stress of the aging process
Develop a plan to reduce or eliminate conflict among your potential heirs.
Should You Speak to an Elder Law Attorney?
The best time to plan is when your parent or loved one is competent and healthy. Ensuring Medicaid will pay for long term care is an important concern for many families. The Medicaid statute has a 5-year look back period. The sooner you can start planning, the more options you have available to preserve assets.
We Can Help You With the Following Services
Please click on the links below to learn more.