Carlson Estate Planning helps guide clients through the intricacies of planning and paying for the high cost of assisted living and nursing home care. Proper planning and counseling can help guide elderly individuals and their families through complicated decisions about financial security, health care and protection of your rights. Elder law planning focuses on issues affecting the elderly, which include:
- Medical Assistance and estate protection planning
- Long term nursing home care
- Assisted Living
- Disability planning
- Financial decisions and Durable Powers of Attorney
- Medical and end of life decisions and Health Care Directives
- Estate planning issues unique to the elderly
- Long Term Care insurance coverage
Applying for Medical Assistance
Assisted living and skilled nursing care arrangements are very expensive, with monthly costs for skilled care often ranging from $5,000 to $7,000 for one person. These expenses can have a profound affect on a couple’s estate.
In addition, the Medical Assistance or “Medicaid” rules for long term care are complex and Congress is increasingly restricting access to the program due to budgeting restraints.
We work with families to help them understand the Medicaid rules, review the various options available to them and to develop and implement an estate plan and a medical assistance plan to help them preserve assets.