Elder Law

Planning for Long Term Care

Southeast Pennsylvania Elder Law Attorney

Many people fear that nursing home care will deplete their estate and deny their children an inheritance. With advance planning under the advice of qualified legal counsel, it is possible to preserve assets for a spouse or heirs and still receive quality care. Elder law attorney Neil Meyer will sit down with you to explore your options.

The Cantor & Meyer, P.C. of Media, Pennsylvania represents clients in Delaware County, Chester County, Montgomery County, and Philadelphia County. Call 610-566-6164 to arrange a consultation.

Medicaid Planning Lawyer

Couples are typically required to spend down nearly all of their assets to qualify for Medicaid coverage for nursing home care. Recent changes in federal law have made it harder -- but not impossible -- to gift assets to children, transfer property, or preserve wealth in trusts. Neil Meyer advises clients on options to legally safeguard assets, including gifting within the allowable time frame, and “In Trust For” accounts that retain limited control of assets.

Long Term Care Alternatives

Options for nursing home or assisted living care are limited under Medicaid, and the eligibility requirements are difficult to get around if you have significant assets. Cantor & Meyer, P.C. can advise on private methods that give clients more control over the quality of long term care, and full control of their assets until that time comes:

• Reverse Mortgage -- If you own your home outright or have significant equity, a reverse mortgage enables you to draw on that equity. The extra income can prevent moving into a tiny apartment and giving up the lifestyle you are accustomed to.
• Long Term Care Insurance -- LTC insurance offers more options when illness or incapacity develops. However, the cost of this insurance is increasing while the coverage being provided is decreasing. The key is not to wait until age 55 to purchase a long term care plan, and to seek legal advice to choose an appropriate policy.

Nursing Home Abuse and Fraud

Elder law also involves protecting the elderly when they are most vulnerable. If you suspect your parent has been mistreated in a care facility, has been the victim of a scam or theft, or has been unduly influenced by a caregiver, Mr. Meyer can intervene to end the abuse and pursue any legal recourse.

Planning today means better care and better options later. Call 610-566-6164 for a free phone consultation, or contact us online. Cantor & Meyer, P.C. can arrange evening or weekend appointments.

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