Medicare Planning & Asset Protection
Statesville Estate Planning Lawyers
Long Term Care & Medicaid Planning: Essential Estate Strategies
Planning for long-term care is a crucial aspect of estate planning, especially as individuals and families face the ever-rising costs of healthcare. At Crosswhite Law in Statesville, NC, our dedicated team specializes in helping individuals and families navigate the complexities of long-term care and Medicaid planning to safeguard assets and ease financial burdens.
Understanding Long-Term Care Needs
With extensive knowledge of elder care laws, our attorneys stay updated on the evolving landscape of Medicaid and Medicare regulations. We work closely with clients to develop comprehensive estate plans that address long-term care needs while preserving assets for future generations. Our tailored planning strategies may include:
- Wills
- Irrevocable and/or Special Needs Trusts
- Medicaid Asset Protection Trusts (MAPTs)
- Annuities
- Advanced Directives for Healthcare Decisions
- Durable Powers of Attorney
The Financial Impact of Long-Term Care
Long-term care expenses can be staggering, with nursing home costs in Charlotte, NC, averaging $7,756 per month according to the 2021 Genworth Cost of Care report. Medicare and private health insurance often do not cover the full cost, leaving families facing significant financial burdens.
Navigating Medicaid Eligibility
Medicaid is a vital resource for many families, but navigating its complex eligibility requirements can be daunting. Our experienced attorneys help clients understand Medicaid rules and plan strategically to qualify for benefits without depleting their entire estate.
Planning Ahead for Long-Term Care
Planning for long-term care is essential, as statistics show that most individuals will require some form of long-term care during their lifetime. With a 70% chance of needing care, it's crucial to start planning early to maximize options and preserve assets.
Expert Guidance for Long-Term Care Planning
Whether you're proactively planning for the future or need immediate assistance with Medicaid benefits, our attorneys are here to help. We offer personalized guidance and effective estate planning strategies to help you navigate the complexities of long-term care planning and ensure the preservation of your assets.
Trust Crosswhite Law for Your Long-Term Care Needs
With over 90 years of legal excellence, Crosswhite Law in Statesville, NC, has been dedicated to providing exceptional estate planning services. Trust our experienced team to guide you through the complexities of long-term care planning and help you achieve peace of mind for the future.
Schedule a confidential consultation with one of our experienced estate planning attorneys today by calling our office. Let us help you secure your future while preserving your hard-earned assets.
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Trusted & Established Legal Guidance Since 1932
As a family-owned law office serving the greater Statesville area, we take pride in the service we have provided for other families throughout the area. We believe that estate planning is one of the most important matters you can undertake to ensure your wishes are carried out and your assets and loved ones are protected.
Estate plans can be simple or complex, depending on your needs, family dynamics, property and other assets, and more. Putting together an individualized estate plan can provide many benefits, from peace of mind to the avoidance of probate, the reduction of potential family or beneficiary conflicts, the minimization of tax consequences, and more. Let us walk you through your options and develop an estate plan that will be right and beneficial for you and your family.
REVIEWS & TESTIMONIALS
The staff is considerate and friendly when I have spoken to them.
Looking forward to using them again in the near future.
Cody was so much help. I'd recommend him to anyone!
Highly recommend very helpful with wills!
My family has been with the Crosswhite firm for years. We have always been able to reach Robert and had our calls returned in a timely manner. His staff is courteous, helpful, and friendly. We regularly recommend this firm to our friends. Robert has particularly been helpful with estate planning.