Planning for Nursing Care Costs in Kalamazoo and Grand Rapids
With the average age of the population on the rise, the need for nursing home care is increasing as well. Many of our clients inform us that they are paying nursing home costs at or in excess of $7,000 per month, or $84,000 per year! Without proper planning, this type of care may place burden on an entire family and result in inadequate or improper placement.
West Michigan Nursing Care Planning Lawyers
If you are looking to begin the process of planning for potential future nursing home care, turn to our attorneys at Willis Law. We are a team of qualified attorneys that is committed to helping clients comprehensively plan their estates and take steps toward providing for their care in the future.
It is possible to utilize trusts for Medicaid planning, in addition to probate avoidance planning. Since each type of trust is governed by a specific set of guidelines and laws, it is important that you have a knowledgeable lawyer who can explain to you the benefits and drawbacks of any trusts you may be looking to utilize.
Medicaid does cover the cost of a nursing home stay. However, this does not happen until you have "spent down" your estate. That is, you have used all available money in order to cover your costs. Our firm can help you understand how to structure your estate so that as much of your assets are protected and can be used how you need them, not according to how the government thinks you should use them.
Contact Our Michigan Nursing Home Care Attorneys
To learn more about your options for planning your nursing costs, contact us online or call (888) 461-7744 today for a free initial consultation. We have office locations in Kalamazoo, Grand Rapids and Paw Paw.