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Nestled between the ocean and the Everglades in scenic Lauderhill, Florida, Life Care Center of Inverrary is a renowned Florida medical center and gorgeous skilled nursing facility that offers everything needed to care for you or your loved ones, including:
- Skilled nursing home care 24 hours per day
- Secured Alzheimer's and dementia unit
- State-of-the-art facilities and equipment
- Comprehensive inpatient and outpatient rehabilitation services
Life Care Center of Inverrary is a continuing care retirement community that offers many amenities that will quickly make it feel like home:
- Fine dining program
- Full-time activity director
- Laundry and housekeeping services
- Home-like setting
- Private and semi-private rooms
- Religious services
- Transportation and shuttle services
- Certified dietician
- Daily activity schedule
- Barbershop and beauty salon
- Pet visitors allowed
- Beautiful, landscaped courtyards and grounds
- Physical therapy and fall prevention
- Post-acute care
You may wish to consider the Life Care Center of Inverarry for your next stage in life or as the next phase for your loved one. Schedule a visit here and find out the next steps.
While considering a skilled nursing facility such as the Life Care Center of Inverrary, you may also be thinking about long-term care and estate planning. Proper asset protection planning may make it possible to protect your assets and get Florida Medicaid to help pay for skilled nursing care and assisted living while preserving your estate.
Continue reading to learn more about estate planning and asset protection benefits.
Florida Estate Planning & Medicaid Asset Protection Lawyers
Elder Needs Law is a senior-focused, Florida-based law firm specializing in estate planning, asset protection, and Medicaid protection. Our Medicaid planning attorneys use proven Medicaid and estate planning strategies, real estate law, and the careful structuring of assets.
We have demonstrated experience safeguarding our clients' assets (without having to wait five years) and other potential threats to their estate. With the help of Elder Needs Law Firm, we can protect your estate in these ways:
- Protect the family home (homestead)
- Protect family investments and savings from having to be spent down
- Prevent you from having to spend $10,000 - $12,000 per month on the cost of a nursing home.
- Protect the estate against inadequate insurance protection
- Eliminate the need for probate (although we can assist with probate if that is needed)
It's never too late to begin Medicaid planning or estate planning. The consequences of not planning can be dire. For example, you might drain your life savings by paying for long-term care.
Elder Needs Law can help you preserve what you worked so hard for while ensuring you and your loved ones still get the care they need.
Elder Needs Law Services
Medicaid & Medicare Planning
It is estimated that almost 50% of Americans will eventually spend some time in a skilled nursing facility. In Florida, the average cost of a nursing home is $10,000 - $11,000 per month. These high expenses can quickly drain your savings and investment accounts without careful estate planning.
Elder Needs Law can help you safeguard your assets from the high costs of skilled nursing care and related long-term care expenses. Medicaid planning is critical to offer security for you or your loved one while preserving assets for your family.
Many Americans don't have and cannot afford long-term care insurance for nursing homes or continuing care facilities. Also, Medicare only pays for about 100 days of nursing home costs. However, with a careful estate plan, it is possible to use Medicaid to pay for your nursing home care while still preserving a legacy for your family.
Medicaid only allows you to have $2,000 of countable assets. Some assets are not included, such as a home (in some cases), a car, personal belongings, wedding rings, and medical equipment.
A key to Medicaid estate planning is understanding the 60-month look-back period for financial transfers. If you transfer to someone other than your spouse during those 60 months, you may be disqualified from receiving Medicaid.
People with significant assets need to consult their estate planning attorney carefully. You should begin Medicaid planning early to save as much of the estate as possible.
The attorneys at Elder Needs Law are skilled and experienced with Medicaid planning and can ensure the timely transfer of assets to preserve your estate.
Comprehensive Estate Planning
The estate planning attorneys at Elder Needs Law also possess extensive skill and experience with the following estate planning services:
A will is a legal declaration of your wishes regarding how your property will be divided after your death.
A living will is also known as a medical care directive, which spells out your desires for medical care if you can no longer make the decisions.
You can designate parts of the estate to pay for certain things while living. If you become ill, the trustee you selected can oversee your affairs. A trust may bypass probate.
Power of Attorney
Consider giving medical and financial power of attorney to different people.
This aspect focuses on the diverse legal needs of the more aging population.
Probate Avoidance Strategies
Your attorneys will create a customized plan to avoid probate, if possible.
Guardianship is the legal relationship when the court appoints someone to care for an older person who can no longer care for themselves.
Call Us Today to Speak With a Florida Estate Planning & Asset Protection Attorney
The estate planning attorneys at Elder Needs Law can help you plan for the future by providing for your care needs today while preserving a legacy for your children.
Contact us today for a free consultation.