You’ve worked hard your whole life, and you have a lot to show for it. But as you get older, your priorities can change. You may have new concerns, such as how you will afford essential medical care if your health deteriorates and whether or not you can protect important assets.
Planning is key, and developing a smart strategy early can help you keep more of what you’ve worked for while remaining eligible for benefits when you need them. Our long-term care planning lawyers in West Palm Beach can explain your options and help with your strategy.
Our team at The Siegel Law Group, P.A., has more than 100 years of combined experience helping older Florida residents and their families. Call for a free, in-office consultation and learn how our elder lawyers in West Palm Beach can assist with your long-term care planning.
How Our Long-Term Care Planning Lawyers Can Help
A long-term care planning lawyer helps you prepare for the costs and decisions that come with aging, illness, or disability. Our team works with you to create a plan that protects your assets while meeting your future care needs.
This often involves reviewing your finances, helping you qualify for public benefits like Medicaid, and setting up legal tools such as trusts or powers of attorney. We also help your family understand your choices and avoid legal problems down the road.
Long-term care planning can be complicated, but you don’t have to do it alone. Our long-term care planning attorneys in West Palm Beach can provide peace of mind about what’s ahead and offer guidance so you can make informed decisions and protect what matters most.
For a free legal consultation with a long term care planning lawyer serving West Palm Beach, call 561-955-8515
The Importance of Estate Planning
Estate planning is a key aspect of long-term care planning. This is the process of deciding what happens to your assets, property, and care if you become unable to make decisions or after you pass away. Important documents include:
- Financial and medical powers of attorney: These documents let someone you trust manage your finances and make healthcare decisions if you are incapacitated and unable to do so yourself.
- Advance directives: Advance directives state your healthcare wishes in case you can’t speak for yourself, helping guide care decisions during serious illness or long-term care situations.
- Last Will and Testament: A will outlines how your assets are distributed after death, ensuring your wishes are followed and easing the burden on loved ones.
- Irrevocable trusts: Irrevocable trusts can protect assets from being counted toward Medicaid eligibility, helping you qualify for long-term care benefits while preserving wealth for your family.
We will help you build a strategy and avoid unexpected estate planning problems. If your health or family situation changes, we can update your plan so it continues to reflect your needs. Taking the time to plan now reduces stress for you and your family later and keeps your choices in your control.
West Palm Beach Long Term Care Planning Lawyer Near Me 561-955-8515
Medicaid Planning for Long-Term Care
In Florida, nursing home care can cost thousands of dollars a month. Even if you have a good retirement income, it may still become necessary to apply for Medicaid to help you pay for the cost of a long-term care facility.
Qualifying is complicated and based on strict asset and income limits. Typically, applicants are required to spend down their assets according to Medicaid rules to become eligible. And, under Medicaid’s estate recovery program, they can claim your home and other assets after your death.
It sounds dire, but with the right legal planning, you can protect your assets from Medicaid recovery and preserve your legacy while remaining eligible for benefits. Our West Palm Beach long-term care planning lawyers can help you understand your options and create a plan.
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Long-Term Care Insurance
Long-term care insurance is one of several tools we may discuss when helping you plan for future care needs. It’s designed to cover care that regular health insurance or Medicare doesn’t, and it can make a big difference by reducing the financial burden on you and your family.
However, the details of your policy matter. Coverage varies, and premiums can increase over time. If you already have a policy, we can review it to see how it fits into your broader care and estate plan.
If you’re considering investing in long-term care insurance, our attorneys can help you understand what to look for and how it affects Medicaid planning. Long-term care insurance isn’t the right choice for everyone, but for some, it offers added protection and flexibility.
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Consult With Our Long-Term Care Planning Attorneys in West Palm Beach
You’ve been around long enough to know that nothing ever stays the same. Change is inevitable, like it or not. Whether you struggle with the ebbs and flows of life or thrive often depends on your preparation. Luckily, you don’t have to figure it all out on your own.
Our long-term care planning attorneys in West Palm Beach can help you create a strategy that protects your assets while maintaining your eligibility for important benefits like Medicaid.
You may never need long-term care, but if you do, you and your family will be ready.
For more than two decades, The Siegel Law Group, P.A., has helped Floridians age with dignity and leave a proud legacy. Let us serve as advocates for you and your family.
Call today to set up a free, in–office consultation to discuss your long-term care planning challenges.
Call or text 561-955-8515 or complete a Free Case Evaluation form