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. Long-term care can be received at home, in an assisted living facility, or in a nursing home. A statistic widely quoted is that the average stay in a long-term…
At What Age Should I Consider Long Term Care Planning?
While everyone’s situation is different, in general, once you reach 50, you should start to think about long term care planning. According to recent studies, approximately 43 percent of all people will need long-term care at some point in their lives. The cost of this care in New Jersey and Pennsylvania is high, and rising…
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 – $35 per hour or more…
“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…