Elder law involves helping seniors and their loved ones prepare for the financial, medical, emotional and legal challenges that come with growing older.
We don’t mean to alarm you, but the following statistics will give you some idea of why it is so important to work with an elder law attorney if you are concerned about the prospect of requiring long-term care:
- Nearly three out of four people over the age of 65 will need long-term care at some point in their lives
- The median cost of nursing home care in North Carolina is $72,000 a year. In certain situations, the cost is considerably higher
- In-home, assisted living and nursing home care are expected to become even more expensive in the future
- Many families exhaust their life savings within a year or two of a family member entering a nursing home
At Ward Law Offices, our goal with respect to elder law is to provide our clients with information about the options available to pay for expensive long-term care. This allows our clients to make informed decisions that reflect their personal needs and values. We can create a plan in advance to protect your assets if you require in-home, assisted living or nursing home care in the future. We can also help you cope with what is known as a Medicaid crisis situation.
Long-Term Care Planning
North Carolina Long-Term Care Planning Lawyer
Long-term care planning is for people who are healthy now but want to prepare for the possibility that they will need some form of long-term care in the future. We help our clients live independently and with dignity for as long as possible, while taking steps to protect their life savings in the event of incapacity. Given the cost of long-term care in North Carolina, it is important to have a plan of your own, created by an attorney who focuses on this area of the law. Maureen Callahan Ward’s background in financial planning, insurance and annuities, wealth transfer, the healthcare industry and Medicaid law enable her to design creative, effective long-term care plans. Contact us today to discuss your particular situation.
Coping With A Medicaid Crisis Situation
North Carolina Medicaid Crisis Attorney
In a perfect world, all of us would plan in advance for the possibility that one day we will need expensive long-term care. Unfortunately, the world is not perfect. Many people do not have long-term care plans in place. When an individual is told that he or she must enter a nursing home immediately or in the very near future, the cost of such care often creates a financial crisis for the entire family.
The term “Medicaid crisis situation” derives from the fact that Medicaid is now the largest single provider of financial assistance for nursing home care in the United States. Many families seek to obtain Medicaid assistance to pay for needed care, but are told they have too many assets to qualify. At Ward Law Offices, we may be able to help you qualify for Medicaid assistance, even if you are already in a nursing home, and protect up to half of your life savings. We understand the laws governing Medicaid eligibility and can explain them to you in plain English. Then, you can make an informed decision, based upon your needs and personal values, about whether you would like to receive assistance from Medicaid to offset the costs of your care.
If you or someone you love is facing a Medicaid crisis situation, contact us as soon as possible for a personal meeting. We understand what you are going through during this difficult time and are here to help.