This action might not be possible to undo. Are you sure you want to continue?
It’s hard to believe until your spouse is that we are now in the wondering if there will second decade of the be anything left for new millennium. And him/her to live on. Our what a millennium it’s law firm may be able been. We’ve seen the to help you preserve collapse of the Twin some assets even at Towers and the nearthat point, but your collapse of the world options will surely be economy. Thank goodmore limited than had ness there have been you planned in advance. bright spots, but for Depending on your Joseph S. Karp, America and for so circumstances, we are C.E.L.A. many of us personally, recommending the it’s generally been a rough slog. establishment of a Medicaid Protecting and preserving your Irrevocable Trust. This may be a good nest egg against the huge cost of strategy for those who are healthy long-term care continues to be a huge now but want to lay the groundwork concern for Florida residents, and to protect their assets in the future rightly so. According to the AARP, if they ever need long-term care. long-term care in a nursing home You can find more information about costs about $73,000 annually on it on our website: go to the link average. The recent health reform legislation that adListen to Joe Karp and Anita Finley on dresses the problem will not Saturday, January 22, 2011 from 7:30-8:00 AM help those who are already on WSBR 740AM and on the retired. And long-term care Internet at www.wsbrradio.com. insurance, while the gold standard of protection, is not an “ L o n g - Te r m C a r e — M e d i c a i d / option for those who can’t afford it Ve t e r a n s B e n e f i t s , ” t h e n c l i c k or qualify for it for health reasons. “Irrevocable Trust.” According to the Kaiser Foundation, Here’s to hope, health and renewal only 10% of Americans have long- in 2011! Joseph S. Karp is a nationally certified term care policies. To add insult to injury, in the and Florida Bar-certified elder law attorinterest of deficit reduction, Florida ney (C.E.L.A.) specializing in the practice of Trusts, Estates and Elder Law. will surely be taking the axe to trim His offices are located at 2500 Quantum its Medicaid expenses. Securing Lakes Drive, Boynton Beach (561) 752-4550; Medicaid benefits for long-term care 2875 PGA Blvd., Palm Beach Gardens before you’re down to your last dime (561) 625-1100; and 1100 SW St. Lucie W. Blvd., Port St. Lucie (772) 343-8411. is going to get more difficult. Toll-free from anywhere: 800-893-9911. The bottom line is, plan now. Do E-mail: KLF@Karplaw.com or website not wait to plan until you or a loved www.karplaw.com. one is in a nursing home and you Read The Florida Elder Law and Estate are facing monthly nursing home bills Planning Blog at of thousands of dollars. Do not wait www.karplaw.blogspot.com.