70% of Americans who reach the age of 65 will need long-term care at some point in their lifetime. The average cost in the United States for a semi-private room in a nursing home has surpassed $191 per day. That's approximately $5,370 each month!
The costs associated with long-term care are growing each year and, without a comprehensive plan in place, it would not take a long stay in a nursing home to financially ruin most of us.
Luckily, there are estate and long-term planning techniques that can help protect you, your assets, and your loved ones when it comes time for longer term medical care or facilitation.
20 years of helping honest, hard-working people protect their families through long-term care planning, attorney Hank Doyle of The Doyle Law Offices P.A. is a seasoned legal professional in assisting Cary, Wake Forest, and Raleigh residents with their long-term care and estate planning needs.
Prepare For The Future With A Long-term Care Plan
Many of us have seen the difficulties caused when an older relative enters into a rest home or assisted living facility. Preparing for the future can avoid these difficulties and ensure that your family is taken care of.
There are many different factors to address when considering long-term care:
- Have you thought about long-term care insurance?
- Do you know what Medicaid will pay for? Would you qualify?
- How would staying in a nursing home impact the financial security of your spouse & loved ones?
Our Cary estate planning firm leverages two decades of experience to help you answer these questions and work with you to create a long-term care plan that will best protect your loved ones.
With twenty years of experience and a Wake County native, Hank Doyle understands the value of maintaining a personal level of service with every client, and will take the time to discuss your long-term care planning options to determine which route is right for you.