Share

Raleigh NC Elder Law

Raleigh NC Elder Law

The high cost of long-term care has made planning a critically important issue for most middle class seniors and their families.  In fact, most seniors will likely require some form of long-term care. Sadly, many of them are unprepared for the significant financial burdens it places on their family’s hard earned savings.  Financial devastation looms large for a family facing ongoing care at a rate of $10,000 or more per month.

Long-Term Care Options

While some seniors are able to afford private pay care, the cost of long-term care will wipe out savings of all but the wealthiest families in a matter of years.  Those who have planned ahead by purchasing long-term care insurance have a degree of certainty and peace of mind, knowing that they have a lesser need to rely on other sources in the future.  Unfortunately, many can’t afford the high cost of long term care insurance or worse, because of age of medical condition cannot qualify for long term care insurance altogether.  If you do have long-term care insurance, you should be aware of what your policy covers.  Many policies have high deductibles or provide for only a short period of care in facility.  In fact, many who have long-term care insurance still have to resort to Medicaid to pay for their care.



Based in Raleigh, North Carolina we assist clients throughout Wake County, NC and Johnston County, NC as well as the cities of Cary, NC, Morrisville, NC, and Clayton, NC.



© 2017 Chambers & Ennis | Disclaimer
4140 Parklake Avenue, Suite 615, Raleigh, NC 27612
| Phone: 919-277-2200

Estate Planning | Advanced Estate Planning | Asset Protection | Charitable Planning | Gun Trusts | Pet Trusts | Probate & Administration | Business Succession Planning | Special Needs Planning | Elder Law | | About Us

Attorney Web Design by
Zola Creative