In a perfect world, life should become easier when we reach old age. However, in more and more cases, we have noticed that the financial structure is lacking for seniors and their families, especially when trying to pay for long-term care services.
The concern for how to pay for senior care is not the only issue when discussing elder law. Understanding critical benefit programs, like Medicare, Medicaid, veterans’ benefits, and Social Security, can be confusing and overwhelming.
Unfortunately, creating wills, trusts, and powers of attorney are legal matters that are often not prioritized until it is too late. Many people push these important issues back, either because they do not know how to approach these topics, or because of the lack of understanding of the importance of these topics.
At the McCoy Law Firm, LLC of Cartersville, GA, we understand that all of this can be overwhelming for seniors and their families. We are here to help you during your time of need and we can help you plan everything, from establishing your nursing home care plans to building your will or trust.
Hiring an elder law attorney helps exponentially when learning how to plan for your future. When approaching old age, planning proactively for your financial security can become overwhelming - but it does not have to be. At the McCoy Law Firm, we want to help you plan in every step.
Medicaid can be incredibly confusing with its complex rules and regulations. Most people find most of it impossible to understand. Not only does this keep the person from actively wanting to take part in their long-term care planning, but in the worst scenarios, it can keep them from getting benefits for which they are entitled.
Certain language throughout the list of rules and regulations can cause some people to assume that something will be covered when, in reality, it will not be. For example, the senior who is about to enter nursing home care may believe that their fees will be covered with Medicaid for the term that the they are there. However, if this is not the case, this assumption can be financially harmful for them or their families and cause undue stress.
Medicaid may potentially pay for a portion of your nursing home care, but we put emphasis on the word “may.” At the McCoy Law Firm, we will help you decipher certain terms, rules, and regulations, so you can get the most out of your plans.
Also, with the government charged with enforcing estate recovery against the assets of Medicaid recipients, navigating the murky waters of the Medicaid program can be complicated and can have severe ramifications if not handled properly.
Planning for senior care, whether that care is in-home, at an assisted living facility or in a nursing home, can be made easier by planning and saving for your future. The McCoy Law Firm can work with your financial planner or advisor to help you prepare for unforeseen expenses. Make sure that you are prepared and understand how much you need to save to live comfortably in your retirement. Let our experts at the McCoy Law Firm, LLC work with your financial professional to help you create a unique financial plan for your retirement and long-term care needs.
Let the attorneys at the McCoy Law Firm, LLC help you create an estate plan that includes a will and/or trust, so that you have more control over your future. With proper planning, you can be confident that your property will go to those who you wish to receive it.
It also helps tremendously with lessening the financial legalities over who gets what after you pass. Need help managing your property? A trust will let your beneficiaries take over the managing aspect of your property while you’re still alive.
At the McCoy Law Firm, we will help you with the most comprehensive information to distinguish crucial legal issues facing elder law. We’ve helped many people over the years understand their legal rights with elder law and helped many individuals with elder law cases. Contact us either by giving us a call at (770) 382-0984 or by sending us an email at email@example.com. We look forward to being the elder law attorneys you need.