One of the biggest and most frequent concerns raised by our clients is “what happens to my estate if I or my spouse need to enter a long term care facility?”
This is a very real concern as statistics show:
80%: the likelihood that a person age 65 will need nursing home, assisted living, home or community care during their lifetime
$40,140: the average cost per year of an assisted living facility in Oklahoma in 2015.
$60,225: the average cost per year of a private room nursing home in Oklahoma in 2015.
Your Estate Plan may currently be structured to provide protection from the cost and pain of guardianships and death probate. However, without certain protections built into your Estate Plan, your assets may still be fully subject to the risk of future significant long term care costs, such as those posed by assisted living facilities and nursing homes, as well as being fully accessible to lawsuits and creditors.
The high costs of medical care can quickly pose a significant danger to your assets, and more importantly, to the proper fulfillment of your life wishes as outlined in your Estate Plan. Very unfortunately we’ve seen it happen all too often: in a snap – the savings account drained; stocks and bonds cashed in; the family home sold.
In fact, should this situation occur, you or your spouse could become potentially destitute, leaving you nothing to live on day to day, with your or your spouse’s life turned upside down.
And that is precisely why you need to join us for this very important Client Education Event!
P.S. – Bring your adult children, parents, family members, friends, and colleagues who will benefit from this valuable education (whether they have an estate plan or not).Please register for a free seat at this link: https://www.parmanlaw.com/seminars/158/how-to-pay-for-the-devastating-costs-of-long-term-care-in-home-assisted-living-or-nursing-home-without-selling-the-family-home-wiping-out-your-nest-egg-and-leaving-your-spouse-without-a-dime/