You have worked hard and provided for yourself and your family, probably by bootstrapping your way through challenge after challenge.
If you’re like most of our clients, you weren’t raised with a silver spoon and you weren’t handed a trust fund that supported you; you had to make your own life, your own money, and your own mistakes.
And, again like the rest of our clients, you’re proud of the life you were able to create for yourself and your family. Things maybe didn’t always go perfectly to plan, but you knew how to figure things out and make it work.
Some things are hard to prepare for. Our death and disability certainly fall into the things we want to avoid talking about, including long term care. We understand that at Keystone. It’s hard to face these topics. This is one reason we’ve created this website, so you can get informed from the comfort of your own home about long term care.
Needing to go into a nursing home or assisted living facility is scary for long term care. It’s hard to know who will give you the best care at a reasonable price. Since these places aren’t covered by Medicare or regular health insurance, paying out of pocket means you want to be an EXTRA informed consumer. The average cost in the Phoenix area (in 2017) for a private room is $8,319!! At that cost and with the average length of stay, it could drain $299,484 from your next egg, or double that for a married couple.
OUCH!
It’s time to start figuring out how to pay for it without going broke, right?
Consult with an Arizona attorney, because timing is everything if you want to take advantage of this program. For example, some of the planning procedures are no longer possible if the person has applied for the ALTCS program. Other trust options are no longer available once the person has been in a care home for the mentally disabled or a nursing home for an extended period of time.
Keystone Law Firm
2701 W. Queen Creek Rd. #3
Chandler, AZ 85248
(480) 418-8448
https://www.KeystoneLawFirm.com |