Elder Law Report

Are you prepared for the shocking escalation of long-term care costs, now soaring to over $17,000 a month? Has the increasing cost of elder care and its potential impact on your financial health kept you awake at night? In this critical episode, I, Greg McIntyre of McIntyre Elder Law, walk you through this escalating concern and how best to safeguard your assets and those of your loved ones. I provide a comprehensive guide on foundational planning tools such as general durable powers of attorney, healthcare powers of attorney, wills, and trusts - all designed to protect your assets from the high costs of long-term care.I delve into the significance of proactive planning and the criticality of appointing a trusted person to manage your financial and legal affairs, should you become incompetent or incapacitated. We explore the nuts and bolts of practical tools like ladybird deeds that can protect your home and control until you pass, allowing assets to be transferred to loved ones without a claim for recovery f