👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/what-we-do-and-how-we-help-webinar/

Estate Planning and Elder Law specialist Ted Gudorf delves into the rising financial burden of nursing home care, detailing the typical missteps families make and sharing effective approaches to shield assets. He stresses seeking qualified help and answers common questions and myths surrounding elder law.

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Takeaways

• Many families are worried about the high costs of nursing home care.
• Proper planning can protect a significant portion of family assets.
• Long-term care costs are rising rapidly, making planning essential.
• Common mistakes include listening to the wrong advice and not using expert help.
• The earlier you plan, the more options you have for protection.
• Legal strategies can help families qualify for Medicaid without losing assets.
• The cost of legal services is often outweighed by the savings achieved.
• Families with modest savings can benefit significantly from planning.
• It's almost never too late to protect assets, even in crisis situations.
• Family disagreements about elder care can be resolved with expert guidance.

Resources:

• Gudorf Law Group
• The Ohio Estate Planning Guide - Free Book
• Gudorf Law: What We Do and How We Help Webinar
• Don't Go Broke in Nursing Home Workshop
• When a Loved One Dies: A Legal Guide - Free Book
• Subscribe on YouTube