Financing Long-Term Care in New Jersey – Begley Report
By: Thomas D. Begley, Jr., Esquire, CELA Statistics show that approximately 70% of the population age 65 or over will require some form of long-term care. Some will be there for relatively short periods of time. These are usually stroke or accident victims or surgery patients who are doing rehabilitation. A significant percentage will remain…
“I Want to Protect My Home”
By Marianne Johnston, Esq. Those are the first words out of the mouths of many of our clients when we discuss long-term care planning. The value of the primary residence is often a substantial portion of a person or couple’s worth. Parents wish to preserve the value of that asset for their children. There are…
Protecting The Home: Using Trusts To Protect Your Home From The Costs Of Long-Term Care – Begley Report
by Thomas D. Begley, Jr., Esquire, CELA INTRODUCTION Studies show that 43% of Americans will spend some time in a nursing home. Seventy percent will require some form of long-term care be it nursing home, assisted living or home care. The cost of this care can range from $28 – $30 per hour or more…
SPECIAL PROBLEMS AFFECTING THE ELDERLY – PART 2
by Thomas D. Begley, Jr., CELA This article continues the discussion of special problems for the elderly. (Here is a link to Part 1.) Long-Term Care. About 70% of Americans will require some form of long-term care be it home care at $28 to $30 per hour, assisted living at $6,000 to $12,000 per month,…