Long-Term Care is Costly
Did you know…
- The average length of a nursing home stay is 2 years.
- The cost of nursing home care in Massachusetts can range from $12,000 to $15,000 per month – a total cost ranging between $144,000 to $180,000 per year!
Nursing home care could cost you and your family $288,000 to $360,000, or more. These costs are out of reach for most people and can deplete your hard-earned savings, leaving little to no inheritance to pass on to your children and grandchildren. If you have worked hard to build your nest egg, don’t let your life savings disappear.
Plan Early to Protect Your Home
In Massachusetts, asset protection must be in place 5 years in advance of nursing home care to have a full effect. If you don’t have your assets and finances set up ahead of time, you could see your savings dwindle. No one knows what tomorrow may hold, so putting your plan in place now is critical.
Working with Us
Careful planning is important to legally shelter your assets – your home, income-producing properties, and other assets – from the high costs of nursing home care. Attorney Joseph F. deMello is a skilled estate planning attorney and will work with you to evaluate the best options to protect your home and assets.
For over 20 years, Attorney deMello has worked with clients in Massachusetts to plan for the future, establish legal protections, and execute estate planning documents including:
- Irrevocable Trusts
- Life Estates
- Homestead Declarations
- Health Care Proxies
- Powers of Attorney (Procuração)
Start Planning Today
Call our office (508) 824-9112 to schedule an appointment with Attorney deMello to discuss your options for estate planning and protecting your assets. Falamos português.
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