Planning for Long-Term Care and Asset Protection
The Risks of Failing to Plan
You can't avoid it forever. The truth is, most of us are going to face unthinkable hardships as we age. Perhaps the most feared adversity seniors face is dementia. A disorder that degrades brain function one piece at a time and robs you of the life you know. The most common form of dementia is Alzheimer's.
In the U.S., approximately 1 in 8 seniors will suffer from some form of dementia. While the cure is yet to be discovered, it's important to plan ahead so you can preserve quality of life if you or someone you love becomes incapacitated from memory loss, disease, injury or physical decline.
Without proper legal planning, the following may lie ahead:
- Losing control of healthcare and guardianship decisions to the courts
- Being unnecessarily forced to choose between healthcare or financial preservation
- Spending more on long-term care than necessary
- Feeling the stress and strain of family conflict
- Falling prey to scam artists who target seniors and the disabled
- Suffering financial hardship and abuse
- Incurring the time, cost and headache of conservatorship
Protection When You Need it Most
Putting legal measures in place to safeguard your finances and retain control over decisions that will shape care and quality of life is easier and more affordable than you may think. AmeriEstate's Elder Law experts offer the protection you deserve whether you face immediate needs or are prudently planning for the future.
Solutions awaiting you include:
- Asset Protection & Tax Strategy
- Living Trust Preparation / Estate Planning
- Incapacity & Long-Term Care Cost Planning & Funding Strategies
- Special Needs Trust & Disability Legal Planning
- Conservancy Avoidance
- Healthcare Power of Attorney
- Financial Protection Against Theft & Fraud
- Benefit Qualification & Share of Cost Strategies
Top 5 Mistakes to Avoid
- Waiting too long to start planning.
- Believing dementia won't happen to you or someone you love.
- Counting solely on assistance programs.
- Gifting money to your children (doing so may disqualify you from benefits).
- Not working with expert Estate Planning/Elder Law Services advisors.