As we reach the final months of the year, many people turn their thoughts turn to the final years of their lives. One major thing to plan for? The strong likelihood you’ll need long-term care. Someone turning 65 today has a 70% chance of needing long-term care in their remaining years. The good news: With the right planning, it’s possible to receive long-term care without bankrupting your family.
In this issue of
The Elder Law Minute
, we break down the costs of long-term care and the basics of Medicaid planning, which can help pay for nursing home or assisted living costs. This area of the law is complex, so it’s important to work with someone who knows what they’re doing to avoid missing out on benefits. If you need help planning for that final stretch, reach out to us anytime.