Protecting Your Assets
A national debate on the high cost of end-of-life care has heightened awareness of the inordinate amount of money that is spent on health care in a person’s last months of life. As “60 Minutes” reporter Steve Croft stated in a story on the topic, “Modern medicine has become so good at keeping the terminally ill alive by treating the complications of underlying disease that the inevitable process of dying has become much harder and is often prolonged unnecessarily.”
Much of the cost is covered by the government. Estimates show that more than 27 percent of Medicare’s annual budget goes to care for patients in their final year of life. However, elder individuals and their families can deplete the bulk of their own hard-earned assets on assisted living and long-term health care late in life if they do not plan ahead.
Elder Law And Asset Protection Lawyer
At the Law Offices of Nelson Chang, I help my clients in Saugus and surrounding communities protect their assets through the smart use of estate planning tools, including:
- Long-term care insurance
- Conservatorships and guardianships
- Gifting strategies
- Property transfers
- Tax planning
- Medicaid planning
I will work with you to ensure that your assets are inherited by your loved ones and not spent down on assisted care or swallowed up by creditors and taxes.
I have counseled Massachusetts residents on estate planning and asset protection for nearly four decades. I emphasize a personalized approach and take the time to understand the unique aspects of your situation in order to develop a strategy that aligns with your goals.
Meet With An Experienced Saugus Asset Protection Attorney
The laws regulating Medicaid and how to protect your personal assets are complex and constantly in flux. The best first step to putting a comprehensive plan in place is to schedule a free, no-obligation consultation. I will answer your questions and recommend the best course of action.