Are you worried about the cost of long-term care for you or a loved one? Did you know that nursing homes can cost $10,000 or more per month in central Maine? According to AARP, two out of three people over the age of 65 will need some form of long-term care during their remaining lifetimes. The attorneys at Levey, Wagley, Putman & Eccher can help you and your family plan for future long-term care costs.
It’s never too early.
Especially if you are thinking about retirement soon, it may be worth sitting down with an elder attorney to talk about how you are going to cover your costs, and what strategies would be best for your specific situation. People in their fifties – or even in their sixties – should consider getting a quote for long-term care insurance.
It may not be too late.
If you or a loved one is facing the prospect of an imminent admission to assisted living or nursing home – or even if your spouse or parent has already been admitted – there may be strategies that we can advise that could save you and your family thousands of dollars. Help us help you protect your hard-earned assets from being wasted on long-term care expenses.
Protecting your assets
There may be ways for you to protect assets for your children and grandchildren yet still qualify for public assistance for long-term care costs. Specifically, we can help with MaineCare planning; that is, we may be able to use various strategies to protect your assets for your use and for the intended beneficiaries of your estate plan, while allowing you to benefit from public funding for long-term care.
Learn more about our long-term care planning services by contacting us today.