You will probably enjoy a longer life span than your parents, since we are living longer today than ever before. Unfortunately, as we grow older, we will eventually have chronic health problems. Once we reach the age of 65, there exists a one in two chance of eventually requiring long-term care. This care can be provided at home or in a facility such as assisted living or a skilled nursing home.
The cost of long-term care can be catastrophic. The average cost of skilled nursing facilities in New Jersey is greater than $70,000 annually. Once a person's assets have been expended on long-term care, Medicaid will then pay for this expense. In New Jersey, an individual cannot qualify for Medicaid unless his or her assets are worth $2,000 or less.
There are many legal methods available under both federal and state laws to protect one's life savings. For example, we have successfully used the "half-a-loaf" strategy in numerous cases to protect a significant percentage of our clients' life savings.
It is never too late to protect assets from the catastrophic cost of long-term care. If you or a family member needs skilled care, then please consult with a Certified Elder Law Attorney for proper advice and counseling.
We are a full service criminal defense firm; we handle all types of cases, including violent crimes, sex crimes, juvenile crimes, weapons offenses and white collar. Contact us if you've been charged.
1 South New York Avenue, Suite 212, Atlantic City, NJ 08401
At the Law Office of Travis J. Richards we understand that filing bankruptcy is never an easy decision. Our goal is educate our client and help them make the best decision possible.
When you are facing criminal charges you need a New Jersey Criminal Defense Attorney to fight for you. Criminal Defense Attorney and Jersey City lawyer Joel Silberman focuses exclusively on Criminal