Dear ,
We hope this message finds you well. At McIntyre Elder Law, we've always been committed to providing you with crucial insights and advice on elder care and estate planning. Today, we bring to your attention a topic of grave
concern and utmost relevance - the skyrocketing costs of long-term care.
Did you know that long-term care costs have experienced an exponential increase, reaching a startling $17,000 per month or $204,000 per year? This dramatic surge, from what was previously a monthly cost of
$3,000-$5,000, has implications for all of us, but particularly for those nearing retirement or already in their golden years.
Given that approximately 70% of seniors are expected to require some form of long-term care during their lifetime, the need for advanced planning and
asset protection strategies has never been greater. It's crucial that we not only understand the current financial landscape but also equip ourselves with the necessary tools to navigate it successfully.
In response to this urgent need, we've created a comprehensive video on
this subject. Greg McIntyre, our experienced elder law attorney, provides a detailed overview of the current situation and explains how you can shield yourself from these increasing costs. He covers key strategies, from leveraging general durable powers of attorney and healthcare powers of attorney to using wills, trusts, and unique legal instruments like Lady Bird deeds.
We strongly encourage you to watch this video and arm yourself with the knowledge you need to plan effectively. You can find the video here.
