Pittsburgh Insurance Lawyers
Helping you with long-term care planning and insurance
A major concern in estate planning is the protection of assets when an elderly family member is in need of a nursing home or assisted living. In the past, the only option was to hand over all of the assets to the nursing home at the time your loved one entered the facility.
As the baby boom generation continues to reach retirement age, the need for nursing home and assisted living placement has increased. To meet this need while retaining your life savings, you have the option to purchase long-term care insurance. The skilled attorneys of Fingeret Law can help in this matter.
Working with you to plan for the future
Long-term care insurance policies are private insurance and are not part of Medicare. A long-term care insurance policy cannot be canceled due to medical reasons, but it can be canceled if you do not pay the premium.
There are many different policies available. It is a good idea to consult with one of the Pittsburgh insurance lawyers at Fingeret Law to find the long-term care insurance that is best for you. In some cases, children take out the policy to benefit their parents while also protecting their inheritance. And in other cases, the parents take out the policy for themselves so they will not be a burden to their children when they need nursing home care.
Some policies have an option that pays for a live-in home healthcare attendant to take care of you in your own home. This is a good option for people who have a spouse or family member living at home who prefers not to move into a nursing home or assisted living facility.
At the Pittsburgh long-term care planning law firm of Fingeret Law, we can help you determine the tax benefit of a long-term care insurance policy. In many cases, the premium can be deductible as a medical expense.
Protecting your family and assets
To discuss your specific needs and to find out how our long-term care planning attorneys can help you, please call Fingeret Law at 412-486-6624 or contact us online. Fingeret Law, an elder law, estate planning, and insurance law firm, has served the Greater Pittsburgh community for more than 40 years in the practice areas of elder law, asset protection, insurance law, veterans benefits, power of attorney and guardianship. We travel to clients.