Retirement Planning Preserves Your Assets For Those You Love
An important part of estate planning involves preserving your assets so they can be passed to loved ones upon your death. For many people, the highest period of health care costs comes in the last year of life. This may include assisted living, which can exceed $100,000 per year, and extensive hospital bills.
At Bruckert, Gruenke & Long, our knowledgeable estate planning attorneys work with clients to help plan for assisted living costs or the financial burden of extensive health care costs late in life. We work to put a plan in place that helps prevent personal assets from being depleted. This is often accomplished by taking proper steps to qualify for Medicaid, which can be used to pay for nursing home care.
Timely, Thoughtful Retirement Planning Is Essential For Asset Protection
Attorney John Long brings four decades of experience in estate planning law to our clients. He is thoroughly knowledgeable about the rules for qualifying for Medicaid. Proper preservation of your assets (or your parents’ assets, if you are an adult child with elderly parents) requires advance planning. It is important to address these issues in a timely manner.
Proper planning at this stage also includes establishing powers of attorney for health care and finances so someone whom you trust can make decisions on your behalf if you become incapacitated.
Schedule A Consultation To Discuss Medicaid Planning
We invite you to schedule a meeting to get answers to your questions about preserving your assets, qualifying for Medicaid or any other estate planning matter. Call 618-589-1152 or 866-901-6137 toll free, or use our online contact form to schedule a meeting with a lawyer in our O’Fallon or New Baden offices or elsewhere.