Durham Elder Law and Medicaid Planning
Experience Durham Elder Law Attorneys
At Pierce Law Group, we help clients prepare for the challenges and difficulties of growing older. Our Durham Elder Law Attorneys have immense experience with creating and executing complicated and comprehensive estate plans that are designed to navigate the medical, financial and legal challenges of growing older. Our Elder Law Attorneys aim to prepare a plan that safeguards your assets and your family in the event of both death and incapacity.
Why Should You Create a Long-Term Plan?
In the United States, life expectancies have been growing higher than ever. Moreover, pundits, politicians and everyone else is beginning to see that that the Social Security system may have significant funding short falls and entitlement programs are attacked and mismanaged. As a result, elder Americans, like you, will likely need assistance at a designated facility or at home.
However, healthcare is becoming more expensive each year. In fact, some studies have shown that roughly two-thirds of families will exhaust their resources just a year or two after moving into a nursing home. Medicare and private health insurance don’t typically cover the cost of long-term care, which can cost between $4,000 to $12,000 per month. Or more!
As a result, thinking about and creating a long-term care plan within your estate plan is not only smart but increasingly practical.