Advanced Planning For Your Nursing Care Can Save You And Your Family A Lot Of Trouble
Thinking about the final stages of your life may be uncomfortable. However, if you work with a lawyer to plan for it now, you will make it much easier for your family to carry out your wishes and ensure you are cared for properly if you require nursing home care.
My name is William C. Wombacher, and I have been helping people in Peoria, Illinois, and the surrounding areas plan for their waning years and for the security of their families for more than 35 years. I am a certified elder law attorney (CELA) through the National Elder Law Foundation and a member of the Council of Advanced Practitioners of the National Academy of Elder Law Attorneys. I understand how to protect you and your family so when the time comes, your transition into a nursing home is smooth and without conflict.
Setting Up The Tools For Nursing Home Planning
Nursing home planning encompasses many issues, including:
- Medicaid planning
- Gift planning
- Tax planning
- Asset protection
- Medical and property powers of attorney
Other concerns can include where you will be cared for and the kinds of care you will receive. If your spouse will remain independent, your situation will be different than if he or she is joining you. Single people have different considerations as well.
I will sit down with you to review your financial situation and talk about your family dynamics. Every person's circumstances are different and I want to come up with the right solution to best serve your needs.
There are various exemptions and transfers of assets we can take advantage of to protect your hard-earned assets from being consumed by the cost of nursing home care. I will also inform you of any potential penalties you may incur. Don't rely on the advice of neighbors or friends who may be well meaning but not know the law or rules.
By preparing everything in advance, you avoid having to deal with this in an emergency situation, which may leave you unable to fully protect your assets from being used to pay for your care.
Make Sure You Have Control Over What Happens To You In The Future
Call The Law Office of William C. Wombacher at 309-674-8125 or toll free at 888-365-0852 or send me an email to schedule your free initial consultation. If you are unable to make it to my office, I will come to you.