Elder Law & Medicaid Planning
Whether for yourself or your aging parents, at Pierce Law Group we can help you plan for the financial, medical, and legal challenges that come with growing older. Our Durham North Carolina elder law attorneys can help you develop a comprehensive plan to ensure your wishes and preferences are honored in the future, along with protecting you and your assets if you become incapacitated and require assisted-living or nursing-home care.
Who Needs Long-Term Care Planning?
Thanks to healthier lifestyles and enhanced medical technology, life expectancies in the U.S. are at an all-time high. But that also means more seniors will require some form of long-term care. Whether in-home assistance or a long-term nursing home stay, it’s becoming inevitable that most of us will require such care at some point in our lives.
Problem is, such long-term care is growing more expensive every day. In fact, some studies estimate that nearly two-thirds of families will run out of money within the first year or two of moving into a nursing home. Unfortunately, most private health insurance plans and Medicare don’t cover long-term care costs—which can average $4,000 to $12,000+ per month in the U.S., depending on where you live and what level of care you require.