The cost for a private room in an assisted living facility in Marco Island, Florida in 2018 is approximately $113,150.00 per year. If you have done no planning for those types of expenses up to this point, then that number can create quite a shock. But even if you have not done any planning for your long-term health care needs to this point, there are still ways you can prepare for the expenses you will incur as you get older.
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One of the biggest mistakes people make with estate planning is they feel that they are done planning once their will has been finalized. It is always recommended that you set up your estate as soon as possible. As your life changes and evolves, it is important that your will is updated to keep pace with those changes.
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When parents get close to the time to transition to an assisted living situation, the family starts to worry about the status of the family home. Will Medicaid swoop in and sell the home to pay back whatever expenses it paid for the parents? Is there anything the kids can do to prevent the family home from being lost to Medicaid? These are good questions, but all too often the answers people come up with are wrong and dangerous.
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If you do some research on the Internet, you will find plenty of websites that say that you can do your own estate planning without having to pay a professional attorney. As a general rule, you should be wary of any kind of DIY legal service offered online that claims to give you the same results as a lawyer would give. In the case of estate planning, there are a lot of reasons why DIY estate planning is a big mistake.
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The people who live in North Fort Myers work hard and are constantly looking for ways to protect their futures. You are never too young to start talking to an elder law attorney, because an elder law attorney is there to make your golden years easier. When you talk to an elder law attorney, they will want to discuss the need for and benefits of a health care proxy. If you have never heard of a health care proxy before, then it is a good idea to use your elder law attorney as a resource to get the important information you need.
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When a resident enters a Sanibel assisted living facility for the first time, they are covered by an extensive list of rights. In 1987, the federal government passed the Nursing Home Reform Law that is used throughout Florida to make sure that residents are given the care and respect that they deserve. The law covers a lot of territory, but there are some main points it makes that every assisted living resident and their families should know.
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The residents of Florida have plenty of legal tools at their disposal to create a comprehensive estate that sees after all of their needs. Estate planning relies on important tools such as wills, trusts, and powers of attorney to make sure that the client is living life by their own rules, even if they cannot call the shots because they are incapacitated. There are a lot of good reasons why you should have a Florida power of attorney and plenty of options you can use to customize your power of attorney arrangements.
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Estate planning is something that every Naples resident needs, no matter what type of financial resources they have. Whether you have extensive investments, liquid assets, and many pieces of real estate or just a home and a bank account, you will want to utilize a reliable estate planning lawyer to handle all of your estate needs.
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The laws associated with the Medicaid application process are both complex and, in some ways, intimidating. Medicaid bases many of its decisions on the relationships the applicant has with others and how those relationships affect the applicant’s finances. For example, the relationship between a husband and wife is looked at much differently than the relationship between a parent and a child. This is especially true when it comes to joint bank and investment accounts.
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There are many good reasons why estate planning in Sanibel should be a private experience for each resident. When you are talking about arranging every detail of your life, it is not something that you want to discuss in public. This idea of coordinating all of your assets and laying out your ideas for after you are gone should also not come from a cookie cutter approach. Every Sanibel estate should be individualized and done by an experienced professional.
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