Elder Law encompasses a wide range of practice areas, including long-term care planning, Medicaid planning, estate planning, asset protection, and more. Our attorneys have extensive experience in all of these areas and are committed to helping seniors, and the people who love them, manage the changes that come with growing older. In particular, we help families cope with the high cost of long-term care.
Managing the cost of long-term careAmericans are living longer than ever before. This is good news, but there is a downside: the majority of us will require long-term care at some point in our lives, and 20 percent of us will need long-term care for five years or more.Long-term care in Michigan is expensive. How expensive? Consider the following statistics:
- The average cost of nursing home care in Michigan is over $110,000 per year
- In certain situations, long-term care costs considerably more, and costs are expected to rise in the future
- Approximately two out of three families exhaust their life savings within two years of a family member entering a nursing home