If you are now responsible for your own or a loved one’s long term care, you might be feeling overwhelmed. What is home care compared to home health? Assisted Living Facility but with a “memory care unit?” Our firm can help. We emphasize long-term care planning, estate planning, veterans benefits planning, probate and more. We strive to help seniors plan for long term care and protect their assets against the high cost of long-term care and remain independent for as long as possible.
If you have spent any time looking into long-term care costs, you are probably shocked. Nursing home care already averages $6,000 a month in Washington and continues to climb. An assisted living facility is almost as expensive, and adequate in-home care can be hard to find and quite costly.
The sad reality is that two-thirds of families lose all their life savings within one year of moving into a nursing home.
Does this mean you are destined to go broke if you need long-term care? Absolutely not. You should have an experienced Elder Law Attorney help you however. Suggested Reading: How do you find a good Elder Law Attorney?
We can design a plan capable of preserving your assets and maintaining control of your personal and financial affairs in the event of disability. The tools we can use to accomplish this include promissory notes, life estates, annuities, and trusts. We can also help you obtain government assistance to help offset the costs of long-term care.
Here are some of the programs available:
COPES is a program that pays for personal care and other services for people in their own homes, adult family homes, adult residential care facilities, and assisted living facilities.
Medicaid is a government program that pays for medical services including nursing home care. It is administered by DSHS—the Washington State Department of Social and Health Services.
Aid & Attendance for Wartime Veterans and Spouses is a VA benefit that is little known but offers long-term care benefits to wartime veterans and their spouses.