in large part to healthier lifestyles and advances in modern medicine,
Americans are living longer. For the first time in the history of
mankind, many millions of individuals have the expectation of reaching
their 80’s and beyond. With Americans living longer comes an increase
in the likelihood that they will outlive their ability to care for
themselves and end up in a nursing home or some other form of long-term
health care. When you add to that the staggering costs of long-term
health care, you get the real likelihood of financial ruin for many
families as they face the prospect of outliving their money and assets.
Retirees who have played by the rules their entire lives, worked hard,
lived frugally, and saved as much as they could in the hopes of having
a nest egg for themselves and leaving some measure of financial
security for their children and grandchildren are seeing their legacies
evaporate, often in a matter of months, when, as often happens, the
need for long-term care arises.
A recent survey revealed that
50 percent of the baby boomers (Americans born between 1946 and
1964) falsely believe that Medicare will provide chronic/custodial care
for themselves and their parents. They are shocked when they learn that
the governmental benefit known as Medicare does NOT cover the chronic
problems that cause an individual to need a nursing home or an assisted
living facility, nor was it ever intended to. The only governmental
program that provides benefits for people with chronic problems who
require custodial care is Medicaid, with its impoverishment
limitations, which came into being at a time when life expectancies
were shorter and few people required long-term custodial care.
you have to spend down all or even most of your assets in order to
qualify for Medicaid? No, you don’t. In fact, in 2006, Congress made
sweeping changes to the Medicaid laws that often allow the spouse to
retain, in one form or another, virtually 100% of the couple’s combined
resources. The laws for unmarried individuals differ. But, with
Medicaid, due to the large quantity of misinformation, there is one law
for the informed and one law for the uninformed.
We at the Law
Offices of Shawn Weera want you to be informed. As elder care
attorneys, we specialize in the law relating to Medicaid and long-term
health care issues and practice in the areas of estate planning,
Medicaid assistance, and veterans benefits planning. We find honest
ways to protect our clients’ homes, loved ones, values, and
independence, and, in so doing, we ensure that our clients never run
out of money and never run out of options.
mission is simple: To apply the law for the benefit of our clients to
provide peace-of-mind solutions for our clients and to protect
everything that they own and everyone that they love –to the greatest
extent legally possible - in strict accordance with the highest
possible moral and ethical standards.