Long-Term Care Insurance Leveraging
Alzheimer’s / Dementia Care Planning
Private Pay Planning Strategies
At the Family First Firm, we have dedicated ourselves to protecting seniors and preserving their legacies. We can help you:
Our team prides itself on working to protect our clients’ quality of life, independence, and peace of mind. We assist our clients in taking proactive measures to avoid challenging financial complications that long-term care and unexpected medical expenses can present.
There are two categories of Medicaid Planning. They are crisis planning and pre‐need planning.
This is for people facing an imminent need for long‐term care, whether it be Alzheimer’s, nursing home, or other care. Because of the intensive nature of legal work involved, this type of planning tends to be more expensive than pre‐need planning.
The best way to plan for long‐term care is to do so well before the need arises. Beginning early enough allows you to take advantage of the five-year look‐back period, among other benefits.
A semi-private room for skilled nursing care costs an average of over $100,000 per year.
1 in 3 Adults in the United States will be diagnosed with some form of Alzheimer’s..
1 in 5 Adults in the United States currently has assumed the role of an unpaid caregiver, and often, the caregiver passes before the person for whom he/she is caring. So preserving your assets is not just necessary for providing care for yourself but is crucial in protecting the health and well-being of your spouse or the family member caring for you.
Life planning encompasses many aspects of one’s life as one moves into the “2nd half” of their lifetime. Much of the focus ends up being financial and healthcare-related. It includes Medicaid eligibility and planning, Alzheimer’s / dementia, in-home care, nursing or assisted living homes, and other long-term care. For business owners, it typically includes a plan for whether the business will be passed on to the next generation or sold. Those with significant assets can plan to avoid or minimize estate taxes while protecting their assets through the right trust(s).
Medicaid offers more comprehensive long‐term care coverage than the Medicare program, and because long‐term care costs are so high, many middle-class seniors rely on Medicaid to pay for their care. A common misconception about Medicaid is that you must impoverish yourself and your family entirely before qualifying for long‐term care coverage. This is simply not true.
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If these things are what you are looking for in a law firm, then contact us to see how we can help you and your family.
With Virtual Consultations, we are able to help families throughout the state of Florida.
715 Douglas Ave Suite# 40,
Altamonte Springs, FL 32714
The information you obtain at this site is not, nor is it intended to be, legal advice.
You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship