Elder Care Protection Planning
The Elder Care Protection Plan gives older adults an organized way to plan ahead for future care needs. It's ideal for individuals and couples age 50+ who want to get a head start on protecting family assets and laying the groundwork for their financial legacy.
People who benefit from Elder Care Protection Planning typically fall into one of three categories:
- They are healthy and living at home with no assistance and want to plan ahead so they can age in the comfortable and familiar surroundings of their home.
- They have been recently diagnosed with a chronic illness but are still able to manage self-care activities.
- They are concerned about the cost of future long-term care and want to avoid burdening their children or relatives.
Customized to meet the needs of each client, Elder Care Protection Plans include elder law and estate planning services, along with asset protection strategies such as maximizing contributions to IRAs, moving funds to an irrevocable trust, retitling various assets, or using limited liability companies or family limited partnerships.
Contact Takacs McGinnis Elder Care Law today to schedule your consultation.