You may be asking yourself: “What can be done to plan for long term care, ensure that a health crisis or chronic illness will not erode my security and dignity, and provide for my family and loved ones?”
As you have probably already gathered, the answer is not simple. A careful analysis of each individual’s personal and financial situation must be done to formulate the proper plan. Elder asset protection factors such as income from social security, pensions and investments, the nature and value of assets, age and health, family situation, and other considerations must be evaluated in order to make the right choices. Upon retaining our firm to help you, we will sit down with you and go over all of your or your family member’s assets in detail to formulate a plan that meets as many of your objectives as possible.
Many elder asset protection planning options are available to protect a substantial portion of your hard earned assets. Proper use of the Medicaid transfer rules allows individuals to provide security for themselves and a legacy to their families, while ensuring that they will receive long-term care. If you or a loved one is in immediate need of nursing home care, look at Medicaid for Long Term Care and Nursing Homes for more information.
If you have questions about protecting your assets from long term care expenses in Ohio, call our office today at 513-771-2444 or email us to set up a consultation.