Long-Term Care Protection
As life expectancy continues to increase, many older Americans worry they’ll one day become a financial burden to the people they love most. Long-term care protection can help ease the burden on your family members and put you on the road to protecting your legacy.
You’ve worked hard to accumulate assets — a nice home, a solid financial portfolio — to enjoy now and leave as a legacy for the ones you love. If you have to tap these assets to pay for an unexpected LTC event, they can be nearly impossible to rebuild and are no longer a viable gift.
It may be difficult to think about a possible need for LTC. But when you take steps now to plan for the future and the changes it will bring you can maintain control of your choices, retain your independence longer, preserve your dignity and provide for your loved ones.
David Wingate is an elder law attorney at the Elder Law Office of David Wingate, LLC. The elder law office services clients with powers of attorneys, living wills, Wills, Trusts, Medicaid and asset protection. The Elder Law office has locations in Frederick and Montgomery Counties, Maryland.