Estate Planning When Facing a Nursing Home Transition: Questions for a Portland, Oregon Elder Law Attorney
The decision to place a parent in a nursing home rarely comes easily. Apart from the emotional toll, significant financial and legal adjustments are often necessary. While immediate well-being takes priority, it's vital to safeguard your parent's assets and long-term care needs with proactive estate planning.
Portland, Oregon Asset Protection Attorney Reveals Strategies to Safeguard Assets for Spouses When Facing Long-Term Care
You worked hard to provide for your spouse throughout your marriage, and you want to continue to do so well into your retirement years. When the need for nursing home care or assisted living is on the horizon, the cost of such care can weigh heavily. The good news is that asset protection planning can help alleviate this anxiety before it fully sets in.
Oregon Elder Law Attorney: Three-Quarters of Middle-Class Seniors Priced Out of Assisted Living by 2033
In general, middle-income seniors have income and assets that make them less likely to qualify for Medicaid. At the same time, they may not have adequate resources to pay for the rising costs of housing and care options they need.