Planning Made Simple
Whether you are facing retirement, considering your long-term care options or planning for aging parents, experienced Elder Law Attorney Ruby C. Wake can help you develop a comprehensive plan to ensure your wishes and preferences are honored in the future.
What Decisions Do I Have to Make Now?
- Who will manage your affairs should you become disabled/incapacitated and unable to speak for yourself?
- The type of care you would prefer in the event of a medical crisis (i.e. nursing home care vs. home health care).
- How you will pay for that care, including how to access public benefits that may be available to offset long-term care costs;
- How to legally protect your assets and your family’s inheritance should you need nursing home or other long-term care?
Thanks to medical technology, life expectancies are at an all-time high, but that also means more and more people in Florida will require some form of long-term care in the future, ranging from in-home assistance to long-term nursing home stays.
Relying on Insurance May Not be Enough
Unfortunately, Medicare and private health insurance do not cover these costs—which can run in excess of $7,000-$12,000 a month. It’s no wonder many families run out of money within the first year when faced with a prolonged nursing home stay.
There’s no greater frustration or heartbreak for a senior to watch their entire life savings (and the inheritance they worked so hard to leave to their family), get eaten up by long-term care expenses.
Protect Your Assets Today
Fortunately, there are a number of ways to protect your assets (or those of your loved ones), while preserving your independence and the level of care you need.
Wake Law, LLC can help you qualify for Medicaid benefits to cover these ongoing expenses. Using trusts and asset protection strategies afforded by the state of Florida and in consultation with a Certified Medicaid Planner and Elder Law Attorney, your loved one may be able to enjoy government benefits without “spending down” all of their assets or losing everything they own.
Planning can also be done to avoid a health care crisis in the future. We can help you design a solid estate and incapacity plan that guarantees facing the golden years without worry or financial struggle.