Our law office is about telling you the truth: More than 70 percent of Americans over the age of 65 will need long-term care services at some point in their lives, according to a study by the U.S. Department of Health and Human Services. If that doesn’t open eyes, consider the following … [Health and Human Services] statistic: Anyone reaching the age of 65 years has a 40 percent chance of entering a nursing home, with a 20 percent chance of staying there for at least five years … or more.
Fact number two: Most Americans are in complete denial, and it is going to costs millions of them everything they own! The same article stated that "…Many people simply think that they will not have a need for long-term care, despite statistics indicating otherwise"…It's always the other person who will need it.
With nursing home costs running about $70,000 a year (about $80,000 a year for a private room) according to Health and Human Services, the cost of illness resulting in long-term care in a nursing home or in assisted living is one of the greatest crises affecting Americans today.
So here is another truth our law firm wants to know: By all means, choose carefully when looking for a law firm to counsel you and then draft your planning documents for your loved ones. But remember that is only half of the story: You must choose a law firm that has extensive training and experience in making sure you will have the assets that you currently own to pass on to your loved ones when you die and in the manner in which you want them to pass (asset protection, "creditor and predator" protection, etc.)
Yes, we can counsel you in all the areas of practice referenced on our website. Please see our Practice Areas page for more information. But here is where we stand out:
We have years of training and experience in how legally to help clients preserve their assets even if they need to go into a nursing home or an assisted living facility for long-term care.
For nursing homes, we use advanced estate planning techniques to qualify the client for Medicaid benefits that will pay for your care while allowing you to keep your assets.
For Assisted Living facilities, if you are a Veteran or the surviving spouse of a Veteran, we use other advanced planning techniques to qualify the client for a special Veterans’ benefit that only 5.4% of those eligible ever receive! Source: National Care Planning Council (NCPC) for Veterans’ benefits.
By all means, we love doing estate plans for people, and we do them with affordability in mind. And for some, that is all they need. But remember, if there is nothing left after you pass away because you are one of the millions of Americans who will otherwise lose their assets, be it a nest egg or a large estate, to the devastating cost of long-term care, you’ve left your loved ones with nothing. We care. We don’t want this to happen to you. – Kevin Purcell © 2014
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Ohio Estate Planning Attorney, Kevin Purcell, provides comprehensive life planning in the areas of wills & trust planning, powers of attorney, elder law, Medicaid application & qualification, long-term care planning, probate & estate administration, Medicaid crisis planning, special needs & disability planning, veterans benefits, Aid & Attendance qualification, charitable planning, estate tax planning, business succession and sales and asset protection. Kevin Purcell serves individuals, families and business owners throughout the Cleveland, Rocky River, and Westlake, OH areas, and all throughout the state of Ohio.
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