Estate Plan for Nursing Home Costs
With the average age of the population on the rise, the need for nursing home care is increasing as well. Many of our clients inform they are paying nursing homes cost at or in excess of $7,000 per month, or $84,000 per year!. Without proper planning, this type of care may place a burden on an entire family and result in inadequate or improper placement.
If you are looking to begin the process of planning for potential future nursing home care, turn to our attorneys at Michigan Estate Lawyers. We are a team of qualified attorneys who are committed to helping clients comprehensively plan their estates and take steps toward providing for their care in the future.
Our law firm is dedicated to a Christian model of service with a mission to protect clients as they make the best decisions for their family and future. Let us guide you with dignity and discretion.
Call 866-473-5636 or contact us by e-mail for a consultation with a Grand Rapids nursing home funding lawyer.
Trusts
It is possible to utilize trusts for Medicaid planning, in addition to probate avoidance planning. Since each type of trust is governed by a specific set of guidelines and laws, it is important that you have a knowledgeable lawyer who can explain to you the benefits and drawbacks of any trusts you may be looking to utilize.
Medicaid Coverage
Medicaid does cover the cost of a nursing home stay. However, this does not happen until you have "spent down" your estate. That is, you have used all available money in order to cover your costs. Our firm can help you understand how to structure your estate so that as much of your assets are protected and can be used how you need them, not according to how the government thinks you should use them.
Contact Our Michigan Nursing Home Care Attorneys
For a free consultation, please call our Grand Rapids, Michigan, lawyers toll free at 866-473-5636 or contact us by e-mail to submit a question about your case.
Grand Rapids Office
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