Elder Law: Asset Protection Before Long-Term Care

Most people will start a 401k when they start working. Some people will wait 10 or so years to do so (Hi!), but for the most part, at some point, people begin to plan for retirement because that’s the dream. You work the majority of your life with the idea that you spend the latter half of it enjoying the finer things in life like family, friends, traveling, etc. An afternoon with an elder law attorney can help preserve all that you have worked for.

Sometimes, though, things that aren’t in your life plan happen and cause a ripple in the preparations you have made. In almost an instant, everything you have meticulously planned and saved could go up in smoke. You can be left with nothing and worse, be left with nothing to leave.

elder law couple

Getting your affairs in order, whether it be a will, trust, etc, is usually not something people are eager to start planning. The idea has a sort of morbid vibe to it since, in some cases, you’re preemptively planning your funeral. But you know what? It’s probably one of the most important responsibilities we have as adults. We owe it to ourselves and our families.

A simple of search of elder law and estate planning in Ohio, or wherever you happen to be, can bring up prestigious law firms that are laser focused on guiding you through the process of setting up your estates. For a few hours of your time, you can rest easy knowing you have protected everything you have worked so hard for over the years.

There are things that are foreign to most people. Terms like “Medicaid Spend Down” might not mean anything to you, but can end up costing you your entire net worth down to about $2,000.

Do some research and reach out to someone soon. Most places offer free consultations where they can explain their services more and help you figure out what plan will fit your needs.

It’s never too late to start planning.

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