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Protecting your assets from depletion as you require more help

Elder care is a part of life that we may only need to address if we are lucky enough to get the opportunity of a lengthy life span. Statistically, one-fourth of adults between 65 and 80 will require the care of a nursing home during their life. Since the average cost of a nursing home, per month, is in excess of $7,000, anyone requiring the care of one is very likely to face asset depletion.

As we age, the pursuit of material things may become of less importance and the things we hang onto may have a nonmaterial value, but are woven with the richest threads of cherished memories. However, if our intention is to leave our loved ones with anything that does have a monetary value, nursing home care may result in the opposite happening. Once your assets are depleted by this high-priced care, your family may be left figuring out what to do to cover the expenses.

This is why it is so important to get ahead of the potential situation. It may pay to realize a one in four chance is far too great of odds to simply hope things don't come down to total asset depletion.

A Florida attorney well-versed in elder care may be a great resource to you in setting up a plan for your care and discovering any avenues of help that may be available to you to aid with the financial burden. The attorneys at the Law Offices of Frese Hansen are knowledgeable and experienced in many aspects of elder care and will work diligently with you to protect your memory and legacy from being linked to one of financial strain and hopelessness.

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