We keep you updated with Elder Law, Estate Planning, Long-Term Care, and Medicaid news that affects you and your loved ones in Coral Springs, Ft. Lauderdale, South Florida, and beyond.
We all know someone or have had a loved one in nursing home care. It’s expensive, but what does it really cost? And who pays for it? Can you afford it, and if not, how will you or your family pay for care when you need it? Who Will Need Care in Florida? According to the department of health and human services, nearly 70 percent of seniors aged 65 and older will need some ongoing
The cost of care for a nursing home in Florida is over $100,000 per year. By 2030 one in four Floridians will be over the age of 65, and many will need long-term care benefits. How will you pay for care as you age? Can you afford the cost of assisted living or nursing home care? Medicaid is often the answer. Medicaid pays for roughly 60 percent of long-term care spending, yet applying for Medicaid
When a family member becomes elderly or disabled and can no longer take care of themselves without assistance, it can be difficult to decide whether they need nursing home care. The most critical factor is the health and safety of the loved one. Another factor to consider is their financial situation. If they cannot afford in-home care, or if long-term care insurance does not cover in-home care, then a nursing home may be more affordable.
We help clients and their families prepare for and progress through the hardships and turmoil of the third stage of life by providing incapacity planning. Because we know the emotional and physical difficulties of aging, our firm is dedicated to bringing this much-needed service to all elderly individuals and their families. That is why we come to you. We meet you in the comfort of your own surroundings to discuss your personal situation and family
Many families find themselves in this predicament, not knowing where to turn for assistance to help pay for the extraordinary cost of long-term care. There is help, and it is in the form of Medicaid. Currently, Florida provides individuals who are 65 years or older and who meet the qualifications of two different programs that can significantly defray the cost of long-term care either at home, in an assisted living facility, or even in a
When the prospect of long-term care arises for a loved one, financial pressure can mount in a hurry. Family members are often left wondering how they will be able to afford expensive nursing home bills, medication, equipment and other needs. An experienced elder law attorney can help you explore all the opportunities available to you, including government benefit programs and asset protection strategies. At Friedman Elder Law Department, LLC, we handle a broad range of elder
Creating an estate plan and a will is an important part of managing your affairs after death. However, wills in particular have a bad reputation for stirring ire among family members. What can you do to prevent this from happening? And why does it happen in the first place? Why do these fights happen? Forbes discusses the reasons that siblings sometimes fight over wills. In many cases, it is a re-emergence of old negative feelings
You worked hard for years to build a comfortable lifestyle for you and your loved ones. Now, you are considering how to pass your wealth on to the next generation. There are many tools available to help you, but which ones should you use? One of the best options is an irrevocable trust. At Friedman Elder Law Department, LLC, attorney Heidi Friedman can assist you in using irrevocable trusts to preserve your assets for your beneficiaries.
If you are aging, you may be thinking about how you will pay for long-term care, in the event you need it. Assisted living, nursing homes and other medical expenses add up quickly, and people can rip through their savings and assets before they know it. Medicaid is a program available for low-income individuals, and it helps pay for a variety of medical and healthcare costs. One must meet certain eligibility requirements to receive Medicaid.
Your money most likely has a lot of value to you. Having no control over the use of your money can feel demoralizing. Naming a financial power of attorney can prevent this situation from happening. A POA, in compliance with the instructions you provide, can oversee the distribution and use of your money if you suffer incapacitation. Knowing some characteristics that would make a good POA can help you select someone that meets your expectations.
Don’t spend your retirement worrying about the cost of long-term care.
You are not alone.
Let us help. Give us a call at (954) 866-1055 or fill out the contact form below.
Friedman Elder Law Department
11555 Heron Bay Blvd Ste. 200
Coral Springs, FL 33076
When you work with us, we educate you about your options so that you can make the best decisions for you and your family.
We help Florida seniors protect their assets and qualify for government benefits such as Medicaid and Veterans Benefits to assist with the extraordinary cost of long-term care.
We’d be honored to help you.
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