Getting older used to be a lot less complicated. Blame it on longer life expectancies, or changing societal values, or government regulations and program cuts. The unfortunate reality is that today’s seniors are pressed by ever-increasing legal and financial concerns.
There are a number of difficult decisions and potential options for the future, including issues regarding long-term care. The type of care needed varies, and the ways to finance that care can be extremely complicated.
Elder Law encompasses a variety of elder care planning issues. These include understanding the resources available to finance the cost of medical and personal care; accessing income assistance benefits; estate planning, including wills, trusts, advance medical directives, and powers of attorney, to allow for making advance decisions about medical care and estate property; probate and estate administration; and how to work within the complex long-term care structures such as home health care, nursing home care, respite and hospice care.
The cost of long-term care can quickly drain a family’s resources. The 2012 MetLife Survey of Long-Term Care Costs reported the average cost of a private nursing home room in Oklahoma was $169 a day, or about $62,000 a year, which is substantially less than the nationwide average of over $90,000. The average cost for a home health aid in Oklahoma was $18 per hour.
The good news is that we can help you plan in advance how to pay for long-term care in the future. We can also help you obtain assistance from Medicaid if you are faced with going into or are already in a nursing home. For many people, long-term care will be one of the biggest investments of their life. You don’t have to go it alone.
A “Whole Person” Approach
Attorney Aaron Parks takes a whole person approach to elder law, integrating legal, medical and social concerns to benefit his clients. You don’t have to live with uncertainty or worry. Aaron is experienced in working to help Oklahoma seniors, veterans and their families develop plans and directives. His services include:
- Asset Protection Planning so the nursing home doesn’t take all your money
- Veterans Benefits
- Comprehensive Financial Projections
- Alzheimer’s Planning
- Investment Suitability
- Oklahoma Medicaid (Soonercare)
- Medicaid Waiver
- Long-Term Care Planning
- Medical Directives
- Powers of Attorney
- Retirement Planning
- Social Security Planning and Financial Analysis
Contact The Elder Care Law Center today for a consultation to discuss your needs and concerns.