Health care costs are not going down. In fact, for millions of American seniors health care costs, even with Medicare are unbearable. It is not difficult to assume that the continuing increase in long-term care and nursing home expenses make them the highest they have ever been. Seniors facing these kinds of expenses may benefit by speaking to a trusted elder law attorney.
Elder law attorneys can help seniors plan for these future expenses and devise an estate plan that addresses all their concerns and gives them peace of mind. It is not uncommon for individuals to be concerned with how they will be taken care of and if they can preserve their estate for their loved ones. While many seniors may think they have to surrender their assets in order to receive adequate care later in life, this is not always the case. An experienced attorney can help create an effective estate plan that protects assets while offering safe and affordable health care.
A combination of Medicare and Medicaid benefits can help individuals get the care they need without depleting their assets. However, unless seniors have a proper estate plan in place, their assets will be depleted before they can receive Medicaid benefits.
Estate planning is a complex area of law that requires the help of a knowledgeable and experienced attorney. For individuals concerned with how they will preserve their assets and receive proper health care, speaking to an elder law attorney can help. Knowing what Medicaid requires and how to get it without surrendering your estate can help you stay protected and cared for without giving up your assets.