AT THE INTERSECTION OF LEGAL PLANNING & LIFE EXPECTANCY
WHO NEEDS
LONG TERM CARE PLANNING?
Thanks to healthier lifestyles and enhanced medical technology, life expectancies in the U.S. are at an all-time high.
But this also means more seniors will require some form of long-term care. Whether in-home assistance or a long-term nursing home stay, it is becoming inevitable that most of us will require such care at some point in our lives.
Whether for yourself or your aging parents, at Tower Law Group we are here to help you develop a comprehensive plan to ensure your wishes and preferences are honored in the future, and to protect you and your assets if you become incapacitated and require assisted living or nursing home care.
HOW ELDER LAW & MEDICAID PLANNING CAN HELP
Your plan must include certain special provisions that – if not included – will create unnecessary obstacles for your family and your estate planning attorney.
It is heartbreaking for seniors to see their entire life savings (and the inheritance they worked so hard to leave their family) get gobbled up by long-term care expenses.
Fortunately, with the proper planning in place, you can rest assured that you and your loved ones will have the proper safeguards in place to keep you at home as long as you desire, cover the expenses of your care and receive the maximum quality of care when it is needed.
We can also help you qualify for Medicaid and other benefits to help cover these ongoing expenses.
ELDER LAW IS NOT COOKIE CUTTER
Elder law involves a number of issues that are intertwined with traditional estate planning. For example, it is essential to have your durable power of attorney, last will, living trusts, and advanced directives reviewed at least every three years.
Navigating the complex elder law landscape can be a daunting task. Having an experienced lawyer who is familiar with the process of long-term care planning is invaluable for ensuring not only the security and care of your loved ones, but also your peace of mind.
ASSET PROTECTION
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances. We will consider insurance, prenuptial agreements, asset segregation, choice of jurisdiction, gifting, LLCs, partnerships, corporations, and asset protection trusts.
There are many different strategies to accomplish the protection of your assets both while you are alive and for your family after you are gone.