Nursing Home Planning
A majority of people over the age of 65 will require long-term care at some point. This may consist of assistance with daily self-care such as bathing or feeding, or medical care for illnesses and conditions related to aging. Unfortunately, long-term care can be astoundingly costly. Without preparation, your family may be placed in a difficult financial position and may be forced to make unwanted decisions on your behalf. Our Estate Planning Lawyer in Rock Hill SC can assist you with nursing home planning to ensure your assets and autonomy are protected, and you are well-prepared for your future care needs.
Retire With Peace of Mind
As you get closer to retirement age, you have likely spent some time envisioning what life will be like in your golden years. Perhaps you are looking to relocate to an active retirement community where you can socialize with others in your age group, or you are planning to move closer to your children to help care for your grandchildren. No matter the lifestyle you wish to live, it is important to plan ahead to ensure you are prepared for this transition, as well as your changing needs as your health begins to decline. Many people over the age of 65 require some degree of assistance with day-to-day activities or long-term medical needs. You may require housekeeping services or an in-home nurse, or you may need to different living arrangements to help you maintain your independence and self-sufficiency. These services can drastically impact your cost of living, which is why you need to make sure you plan in advance with an experienced estate planning attorney to protect your assets.
Protect Your Loved Ones
A study found that 26% of adult children who are caregivers for their parents end up dipping into their own retirement funds to help pay for long-term care. With long-term care costs rapidly increasing, nursing home planning is more important than ever to protect your family from financial hardships. No parent wishes to be a burden on their children. By planning in advance, you can protect both your assets and your loved ones.
Finding A Solution
Our estate planning attorneys can work with you to explore legal, financial, and health care options that will address your long-term care needs without adversely affecting your financial well-being. The sooner you start to plan, the more options you will have available to you. We encourage you to schedule a consultation with our experienced estate planning team to discuss your nursing home plan today. Planning will vary from one individual to the next based on factors such as age, health, income, lifestyle preferences, and other considerations.
The Estate Preservation Law Firm is committed to helping each client find their own path to lifelong protection, financial security, and peace of mind. Our comprehensive estate planning services can prepare you for life’s many twists and turns. We empower you to take control of your life and confidently navigate every stage.