Many seniors end up eventually moving into an independent or assisted living community to help assist them with long-term care. These same seniors do not believe that they will ever need a level of nursing care that only a nursing home will provide; however, the truth of the matter is that a good portion of these same seniors will need skilled nursing care at a nursing home.

The cost of a nursing home varies from $5,000 to $9,000 per month, depending on where one lives. By failing to put together a long-term care plan that considers the possibility that you may one day end up in the nursing home, you risk losing all of your hard-earned life savings in the process.

If you or someone that you know has recently moved into an independent or assisted living community, it is imperative to begin planning for the possibility of increased long-term care expenses in the future. The Dudeck Law Firm can help you put together an estate plan that works best for you, whether it involves utilizing Veteran’s Aid and Attendance, a long-term care policy, Medicaid, or another solution. It is never too late to begin planning for the possibility of long-term care, but generally, the sooner that you plan, the more options that you have, which in turn increases the percentage of your assets that you can protect.