In Michigan, you may be looking at upwards of $8,000 per month for nursing home care, resulting in two-thirds of families with a relative in a nursing home running out of money within the first year.
Proper legal counsel in asset protection planning from a qualified Michigan Elder Law professional can protect most seniors’ assets.
A proper Michigan asset protection plan should be designed for you if you are concerned about the possibility of ending up in long-term care. With the assistance of an Elder Law specialist, you can protect the vast majority of your assets while still qualifying for assistance from Medicaid.
MICHIGAN ANNUAL MEDIAN COST OF CARE (2020)
|IN-HOME CARE||COMMUNITY/ASSISTED LIVING||NURSING HOME FACILITY|
|Homemaker Services $54,912||Adult Day Health Care $24,960||Semi-Private Room $107,675|
|Home Health Aide $57,200||Assisted Living Facility $50,400||Private Room $116,800|
Paying for long-term care can be a daunting task. But with our legal guidance, we can help you come up with a solid plan to protect you and your assets if you become incapacitated. If you have to consider Medicaid as a method of paying for long-term care, then you’ll need the guidance of an expert Michigan Medicaid planning attorney to help you develop a plan to protect your assets.
Casterline Law Offices, PLLC provides clients with personalized attention focused on each individual’s unique needs. Our legal services include Medicaid planning, estate planning, veterans benefits planning, probate, and real estate law for our Southeast Michigan community. Contact our St. Clair Shores, MI office or our satellite offices in Shelby Township or Novi, MI, to discuss your legal matters today.