Nursing homes are notoriously expensive. In Michigan, you may be looking at upwards of $8000 per month. As a direct result of this, two-thirds of families with a relative in a nursing home run out of money within the first year.
Far too many of these families don’t realise that with the proper counsel in asset protection planning from a qualified elder law professional, the majority of a seniors assets can be protected.
It is imperative that a proper asset protection plan is designed for you if you are concerned about the possibility of ending up in long-term care. With the assistance of an elder law specialist, you can protect the vast majority of your assets, whilst still qualifying for assistance from Medicaid.
Paying for long-term care can be a daunting task. But with our guidance, we can help you come to a solid plan to protect you and your assets in the case that you become incapacitated. If you have to consider Medicaid as a method of paying for treatment, then you’ll need the guidance of an expert elder law attorney to help you develop a plan to protect your assets.
In most cases, even if the worst happens, we here at Casterline Law are capable of protecting anywhere from half to all of your assets, so you don’t have to worry about losing your hard-earned savings if you find yourself facing a long-term care scenario.
The rules surrounding Medicaid are complex and confusing. Get in contact and let us help you to create a solid asset protection plan, that’ll ensure you get adequate care without having to break the bank.