Long-Term Care Planning
While Elder Law can entail a degree of planning for long-term care and needs, there are also attorneys that specialize in Long-Term Care Planning specifically. While these specialties (Elder Law & Long-Term Care Planning) do overlap to a degree, the primary difference between the two is that Long-Term Care Planning is focused on the prediction of and preparation for medical needs with advancing age. This comes in the forms of both assisting in attaining the client’s desired degree and comfort of care, but perhaps more pointedly: preparing for the costs of such medical care.
Now, for many the immediate question that springs to mind is why they can’t simply rely on their savings, health insurance, retirement, and Social Security. The assumption is that with some basic preparation and existing government programs their future is planned for.
The problem with this line of thinking is that it fails to account for three things: the high out of pocket costs for the growing needs of the elderly and the difficulty of navigating the existing government programs that may well be able to assist. A 2016 Genworth study cited in a Forbes article highlighted that “nearly a third of Americans (30%) believe home health care expenses are under $417 a month, but according to Genworth’s number-crunching, the national median rate is about nine times that.”1 In short? The costs are often far higher than anticipated and, accordingly, merit advance planning to ensure for the care of you and your loved ones.
So – how does Solkoff Legal assist you with preparations? We help you anticipate the costs and prepare for your needs. Our knowledgeable, dedicated attorneys will work with you to develop a strategy moving forward to best prepare for your golden years. We will help you navigate the bureaucracy of government programs that may serve to benefit you as well: Medicaid, Medicare, VA Pension to include Aid & Attendance.
The reality is that estate planning and preparation for long-term care are growing necessities for Americans, and Solkoff Legal stands ready to serve our clients by planning for their golden years. If you are in need of assistance or help, we are ready to guide you through the process. With experienced and caring attorneys and staff, we have put together a nationally recognized system and one that makes a tremendous difference in people’s lives. To learn more and to see if our Elder Law services are right for you, set an initial consultation. When you call the office, you will be told what to expect and you will then shortly receive more information in the mail in advance of your meeting.
Solkoff Legal’s Long Term Care Planning Can Help.
Contact us today by calling our Delray Beach, FL office at (561) 733-4242 or click the “book a consultation” box below to schedule a time.