Legacy Planning Law Group Announces New Elder Law Services

As a valued client of the firm, I want to thank you again for your friendship and giving us the privilege of helping you in the past to plan your estate and achieve the peace of mind that comes with planning your personal legacy and promoting family harmony.  I also want to tell you of an exciting new type of law that we have added to our practice.  I am pleased to announce that Legacy Planning Law Group now provides comprehensive “elder law” and “special needs” services in addition to our estate planning and probate services.

What is elder law?  What is special needs planning?  They are unique areas of the law dedicated to planning for and protecting our seniors and loved ones with special needs.  I firmly believe that a society is judged on how it treats its seniors and persons with disabilities.  Elder law and special needs attorneys are dedicated to helping seniors and special needs individuals navigate the challenges of paying for long-term care.

We plan for lots of things … vacations, dinner with friends, birthday parties … but do we really plan for our long-term care?  The numbers are staggering.  There are 78 million baby boomers, with 10,000 of them turning 70 every day.  The over-85 population will triple by 2030.  70% of people over 65 will need some type of long-term care and over half of them will need nursing home care.  Alzheimer’s disease insidiously afflicts 1 in 8 people over age 65.  Every 70 seconds, someone develops Alzheimer’s.  If you were in a room of 20 strangers, I imagine you would agree that some of them will need to go into a nursing home at some point in their lives.  But here is the question to reflect on … would you be willing to say that one of those persons might be you?

Long-term care is very expensive.  On average it costs $105,000 per year to stay in a nursing home, $48,000 per year to live in an assisted living facility, and $45,000 to receive home healthcare.  That will eat into a nest egg very quickly.  Do you have these funds just laying around?  I know I don’t!

So ask yourself … if you need long-term care, what would happen to you?  Where would you want to live?  Who would take care of you?  What would happen to your assets?  How would you pay for your care?  These are critically important questions.  Don’t find yourself answering these questions for the first time in a crisis mode when you are in declining health and about to go into a long-term care facility.  Plan in advance.  Plan proactively.

The good news is that it is possible to protect at least some of what you have from the devastating costs of long-term care.  You do not need to spend everything you have on the long-term care facility.  Many people mistakenly think that their only option is to deplete or “spend down” all of their assets before seeking public benefits such as Medicaid and VA pension.  In fact, many facilities will tell people that this is the only option.  They are wrong, wrong, wrong.  There are better ways.  We have legal planning strategies that we implement for clients where we can preserve the family treasure.  Clients sometimes are reduced to tears when we tell them that there are ways to protect some of their assets for their family rather than depleting all of their assets on some faceless long-term care facility, only to have nothing to show for it at the end of the day.

You have worked hard for what you have.  Wouldn’t you rather see your family get your assets instead of a nursing home?

While we have been informally providing elder law and special needs services all along since our firm’s founding last year, we have now formally introduced it into our practice.  Jennifer Singh and I have dedicated ourselves over the past year to become extremely knowledgeable and well-versed in these technical areas of law.  We have spent countless hours undergoing intensive training and applying what we have learned to actual client situations.  We are members of Elder Counsel, the premier nationwide organization for lawyers focusing on elder law and special needs planning.  Through our participation with Elder Counsel, we have available to us very sophisticated software and systems that allow us to develop robust and effective planning strategies and draft second-to-none legal documents to carefully help clients plan for long-term care.

With many seniors and persons with disabilities facing crushing long-term health care costs, the need is great.  We can help!  I have previously helped you plan for your estate when you pass away.  Now I can help protect your assets while you are alive.  Now is the time to do it.  Be proactive rather than reactive in crisis mode.

I invite you to come in and find out how we may be able to help you protect your family treasure from the devastating costs of nursing home care.  I would look forward to sitting down with you for a complimentary consultation.  Feel free to call our office at (904) 880-5554 or by email at info@legacyplanninglawgroup.com.

 

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Written by Legacy Planning Law Group

Legacy Planning Law Group is dedicated to working with individuals and families to help protect the assets they have built throughout their life, and make everything simpler for families who have lost a loved one. We help thoughtful people achieve the peace of mind that comes with planning their personal legacy and passing on family harmony.