Free Guides to Help You Plan and Protect Your Family
As we get older, more than 70% of seniors will require some form of long-term care. The median cost of skilled nursing home care in Maryland is nearly $10,000 per month. And, unfortunately, the large majority of senior citizens will require long-term care at some point in their lifetime. If there are significant health issues, medical bills, and/or long-term care services that are required, the family’s resources can be depleted or strained.
Thinking about the need for long-term care may be uncomfortable. Thinking about how you are going to pay for it can be even more unsettling. A skilled knowledgeable long-term care planning attorney or elder law attorney can help you evaluate your options and prepare for your future care with the right set of tools, strategies, and legal instruments. This guide reviews the best ways to address your future needs, a current crisis, or how to preserve your family’s wealth, addressing, including:
- How to prevent you or your family from becoming overwhelmed with nursing home costs and medical bills.
- How a trust can provide for the spouse or partner to continue their lifestyle.
- How to create a strategy to qualify for Medicaid services.
- How to preserve family assets and inheritance.
It’s been said many times that nothing is certain except death and taxes. For everything else, we simply never know what life will bring or when. One thing we can be sure of, though, is that many significant events will occur during our lives, and it’s not only possible to be prepared for the unexpected; it’s essential. Through this guide, you’ll gain an understanding of what you need to know and do to prepare your family for any eventuality. This complimentary guide will help you consider the following questions:
- Do you have an emergency contact list?
- Do you have a list of healthcare providers, medications, and allergies for each member of the family?
- Do you have access to the household computers, passwords & online accounts?
- Are you familiar with household finances?
- Are you familiar with household systems?
- Have you created a will or trust?
- Do you have powers of attorney for financial & healthcare?
- Do you have a living will/advanced directive?
- Have you created an appointment of guardian for children under 18 or disabled children?
- Do you have life insurance policies?
We have developed this checklist to help you and your family plan ahead. This can serve as the ice-breaker for tough, but necessary conversations and provides thoughtful answers to questions like:
- How will you or your family pay for long-term care?
- Planning at least 5 years ahead can save you and your family hundreds of thousands of dollars.
- Why you need Powers of Attorney in place before a crisis or health issue?
- The 4 legal documents everyone needs NOW!
Many people do not understand the difference between a Will and a Trust, or unknowingly, may think that one costs substantially more than another. While many people think that a Will can serve their needs, there are many situations which would be much better served by a Trust. In this guide, we explore important information to educate you on what you need to know about Wills, Trusts & Probate in Maryland. In this guide, you’ll learn:
- Should You Have a Will or Trust?
- What is Probate and Why You Should Care?
- How to Avoid the Probate Process in Maryland
- How to Create Legal Documents to Protect & Care for Your Children
- How Estate Planning Can Help You Avoid Estate Taxes
- Important Tips for Single People, Unmarried Parents & LGBTQ
- How to Protect Assets in Blended Families