Elder Law Attorney in Savannah, Georgia

What is your firm’s approach to long-term care planning?

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in terms of long-term care planning
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we’ve got the ability to do a couple of
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things for folks
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the first thing that we that we do a lot
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on the legal side as we plan for
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government benefits and there are a
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couple of programs that we use
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to help people with paying for long-term
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care
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the first one is called medicaid that is
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a federal program that’s administered by
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the states
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and it’s designed to help seniors who
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maybe can’t afford to pay on their own
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or you know in some circumstances it’s a
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married couple
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where they have assets but maybe not
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enough to take care of both of them so
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we may be
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trying to obtain medicaid for one of
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those
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one of the couple the other benefit that
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we do a lot of work with is called
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veterans aid in attendance
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and it is a benefit that’s designed to
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help wartime veterans pay for
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unreimbursed medical costs
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so things like assisted living nursing
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home care
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in-home care those sorts of things and
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then the other thing is that
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we’re fairly unique in that richard and
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i are both
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licensed insurance agents
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and so we can help folks with planning
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for long-term
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care through the insurance avenue as
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well and they’re different
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types of insurance products that are
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available to help pay for long-term care
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one that we’ve we’ve seen a lot of
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success
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with our clients is
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called a hybrid policy so it’s
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effectively a life insurance policy
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that also has a long-term care benefit
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as part of the the benefit of the policy
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so those we’ve used a lot with clients
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successfully to help them
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cover the cost of that long-term care

Savannah, GA estates planning & probate lawyer Mike Smith shares his firm’s approach to long-term care planning.

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