Elder law refers to several areas of estate planning practices concerned with the elderly. Because older people are faced with many challenging end-of-life decisions involving retirement and long-term care, elder law focuses on wills, trusts, tax issues, Social Security benefits, Medicare and Medicaid coverage, in-home and nursing home care, powers of attorney, medical directives, and other legal matters of particular concern to older citizens.
Studies show that we have a 40% chance of needing long-term care at least once before we die. The sheer cost of long-term care can wipe out your family’s inheritance in no time at all, leaving you with the primary (and often the only) alternative to privately paying for your care: Medicaid.
So it would be good to plan for supporting our eventual care in a nursing home or assisted living facility. With the help of a lawyer who is experienced in Elder Law and Medicaid planning, many of the assets that you spent your lifetime accumulating can be protected from high nursing home expenses.
When seeking a lawyer who specializes in elder law in Denver, call Meurer Law Offices. Call us today and we’ll help you set up ways to manage your assets and plan for your future care.