Most of the time, people don’t want to think about what the future will bring when they get old. They’re often busy with managing their current lives and with dealing with the decisions they need to make about employment, relationships, housing, and how to make ends meet. But as we grow older, financial assets are often accumulated and they usually mean a lot to us. This means that we want our children or other beneficiaries to be given an inheritance that we’ve worked for all our lives. To make sure that this actually happens, it’s never too early to consult with an elder law attorney to ensure that our hard-earned assets are distributed the way we want them to be after our death. This type of attorney can also help us with decisions about our own medical care and who will be in charge if a time comes when we can’t make our own decisions.
Planning Ahead Saves Money and Time
Many people need long-term or nursing home care at some point in time before they die, or even temporarily as part of a rehabilitation plan after a difficult surgery or an illness like a stroke or heart attack. However, this type of care is very expensive and can wipe out a person’s life savings in a very short time. There are a number of legal options available that can protect those savings, but the laws that regulate Medicaid and similar government assistance programs that cover long term care costs are complicated and ever-changing. Waiting until the last minute to make a plan for asset protection is not a good idea. It’s a much better plan to consult with an experienced estate planning attorney ahead of time so that you can make the most of your investments.
Call to Schedule a Consultation With a Kentucky Elder Law Attorney Today
If you want to learn more about estate planning or about how to protect your financial assets as you age, call to schedule a consultation with a Kentucky Elder Law attorney today. The expert legal professionals at The Jaeger Firm are dedicated to helping you protect your assets so that your beneficiaries will be able to claim the inheritance that you’ve earned for them. For more information, contact The Jaeger Firm at 859-342-4500 and speak to one of our experienced professionals. We serve the cities of Erlanger, Edgewood, Union and surrounding Kenton County and Boone County communities and we look forward to speaking with you.