Long-term care costs at an assisted living facility are scary. Even scarier right now is the thought of placing someone in a facility that then becomes a hot bed for COVID. If your loved one needs assistance, your choices are going to be narrow and expensive.
You might be able to care for your loved one in their existing residence or at your residence, but at what physical and emotional cost to you? When a senior needs substantial assistance, the physical strength necessary to lift and transport them may be beyond the ability of the most dedicated caretaker.
If a quality facility is too risky, your only choice is for home care, but that is the most expensive option. Therefore, elder law planning to maximize the benefit of your assets and government assistance, is even more critical now. If you are concerned that your loved one’s assets will be quickly exhausted by home care, it is time immediately to consult an elder law attorney like the attorneys at Pyke & Associates.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, specific tax, legal or accounting advice. We can only give specific advice upon consulting directly with you and reviewing your exact situation.
