An increasing concern of persons as they mature is what impact long-term nursing care may have on their financial portfolio. Advance planning for a long-term nursing care admission is an important part of your estate plan. This type of planning is often called “elder care” planning and involves asset protection planning. It is best if this planning is done well in advance of the eve of an admission to a long-term nursing care facility or a crisis situation.
Decisions about the long term care of a loved one are challenging and overwhelming. Wertime Guyer LLC helps clients plan for future long term care needs through advice about the financial obligations for the care of a loved one, and development of an appropriate asset protection plan to minimize the impact of long term care costs. Wertime Guyer LLC assists clients with navigating the facility and Medical Assistance financial rules imposed upon the loved one’s receipt of community and home-based services, transition from independent to assisted living to nursing care, and a change from private pay to Medical Assistance.
Wertime Guyer LLC, in the course of providing legal services for elder care planning, strives to focus on what matters to the client.