17% of widows are living in poverty. don't let your family become a statistic
Did you know that almost one out of every two women and one in four men will find themselves in a nursing home at some point in their lives? Or that the average cost of a nursing home in South Carolina is $5,700 per month, which adds up to $68,400 per year? Given statistics such as these, it is not surprising that approximately two out of every three families in the United States run out of money within one year of entering a nursing home.
Does all of this mean that you are destined to lose your life savings if you or your spouse requires long-term care? Not if we can help it. And we can, by designing a comprehensive plan to protect your assets and/or helping you qualify for assistance from Medicaid to offset the cost of long-term care.
Elder law encompasses a wide range of practice areas, including asset protection, estate planning, Medicaid planning, and more.
As South Carolina elder law lawyers, we utilize a variety of tools and strategies to help seniors remain independent for as long as possible, protect their assets from the high cost of long-term care, and provide experienced, compassionate counsel in a crisis situation.
Pre-planning, also known as non-crisis Medicaid planning, is for those who are healthy now but want to ensure that if they do become incapacitated, they will already have a plan in place to protect their hard-earned assets. At Khaled Law Firm, we can create and implement a plan that not only allows you to preserve your life savings, but also manage your personal and financial affairs in the event of incapacity. The plan we design and implement for you will help ensure you receive the care you need and provide you and your family with greater peace of mind.
With the right planning, we can help your family preserve assets for your spouse, to make sure your loved one does not end up without the resources he or she needs after you pass.
A Medicaid Crisis
This is a situation in which a person has been admitted to a nursing home, or will require nursing home care very soon, and been informed that he or she has too many assets to qualify for Medicaid assistance. If you or someone you love is faced with a Medicaid crisis, don’t despair!
Simply because someone working at a nursing home, or even a Medicaid representative, has informed you that you are not eligible for Medicaid assistance, their assessment could be incorrect. These professionals might mean well, but many of them do not understand the ever-changing and complicated rules governing Medicaid eligibility.
Even if you have been denied Medicaid assistance in the past, or are already living in a nursing home, we may be able to assist you in obtaining the help you need. Contact us today for a personal meeting.