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COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday - Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

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Posts tagged "Long term care planning"

2019 update on Medicaid income and asset limits

It is further into the year than usual for this post, but we do aim for a yearly update to keep accurate numbers on our site. While many aging parents never see themselves spending time in a skilled nursing facility, the reality is that longer lifespans increase the odds that extra care will be required at some point.

Are you prepared for the realities of long-term care?

As the quality of life around the globe has risen, so has the overall life expectancy. Average Americans are routinely living to 80, 90, even 100 years of age. This is due in no small part to medical and technological advances like:

What home care is and why it is important

The last time we talked about long term care planning was about a month ago. We wrote about LTC insurance, and how it can prove very beneficial to some people. Today, we're going to talk about home care, what options there are for this type of care and why many people choose this type of care for the end of their life.

Does long-term care insurance make sense for you?

At some point in our lives, we will no longer be able to do the things that we once did. We won't be able to play basketball with the usual group on Saturdays. Those weekend hiking trips will be a thing of the past. And even some of the more basic tasks, such as household care and medical care, will require some form of help.

Why we all need a long-term care plan

It can be hard to imagine, but if you can, think about your life when you are much older. Picture yourself as a 70- or 75-year-old person and trying to do all of the things that you do today. Some of those things won't be possible anymore, and others still, though possible, will require a little bit of help. This is simply the way it will be for all of us. Time will eventually catch up to us, and our age, though still just a number, will hang over every element of our life.

When Could ABLE Act savings accounts be available in Colorado?

The US Congress passed the Achieving a Better Life Experience (ABLE) Act in 2014. The law will enable people with disabilities to access savings accounts to pay disability-related expenses. The accounts will not affect Medicaid and Supplement Security Income eligibility.

It’s in the cards: Talking about Advance Medical Directives

Do you freeze up when someone mentions “the end of life" or "advance planning?” Few are comfortable with the topic. Estimates are that more than 60 percent of older adults do not have an advance directive in place that expresses their wishes regarding end-of-life care.

How to prepare for long-term care

As part of good estate planning, residents of Colorado may consider long-term care planning for themselves and their loved ones. Medicare, a government supplemental insurance policy that provides medical and hospital benefits for individuals who meet certain disability criteria, typically does not provide funds for long-term care services. Therefore, people may wish to consider alternative ways to provide for any future health care needs that could arise from a disability, injury or disease.

What are the benefits of care planning?

A Colorado resident or anyone else turning 65 has a 60 percent chance of needing long-term care. Statistics also indicate that 20 percent of people who reach age 65 spend at least two years in a nursing home. In many cases, people do not prepare because they believe that retirement isn't their most pressing financial priority. However, it is typically worthwhile to to have a long-term health care plan in place.

Discuss long term care planning with elderly parents

Colorado residents with aging parents may be in the dark when it comes to what they know about their parents' finances and final wishes. But when it comes to long term care planning, asking the right questions sooner rather than when it is too late makes all the difference.

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  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
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  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
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