Adult Illness, Alzheimer's and Dementia, Elder Law, estate planning, Financial Planning
Don’t Go Broke as an Alzheimer’s Caregiver
By Elder Law and Estate Planning Attorney Rick Law. Rick Law and his daughter Attorney Diana Law are part of the multi-generational firm of the Estate Planning Center at Law Elder Law in Aurora, IL. Let’s face it. Alzheimer’s Disease is a progressive degenerative and irreversible disease that robs your loved one’s memory, dignity and quality of life. But what most people forget is the equally heavy (and often more devastating) toll it takes on the lives of the Alzheimer’s family members and caregivers. Alzheimer’s Disease is not only the *third most expensive disease* — costing our health care system $148 billion annually – but it is also the disease that could bankrupt a family that’s providing care for a loved one with the disease. The average lifetime cost of care for an Alzheimer’s patient is $174,000. If you don’t take the necessary steps to protect yourself from such an exorbitant expense, you may end up wiping out your family’s life savings, retirement plan or inheritance. Or worse, you could end up in deep debt or even bankruptcy. Don’t let this happen to you. The first thing you must do is put 2 legal documents in place immediately the moment Alzheimer’s Disease is diagnosed – or even suspected. Those documents must contain 3 essential items that will help eliminate your risk of losing everything you own, including your home. Ever since the Deficit Reduction Act was signed into law on February 8, 2006, Medicaid has become a minefield that few people can understand — let alone navigate. The Indispensable Alzheimer’s Resource Kit (https://lawelderlaw.com/the-indispensable-alzheimers-resource-kit/) will demystify the law for you even if you don’t understand legalese — and reveal financial planning strategies, including Medicaid, which can potentially save you $30,000 to $50,000 a year. Obtaining this information alone is worth 100 times your investment in the Resource Kit because it will enable you to protect and save your family a substantial amount of money. But the Indispensable Alzheimer’s Resource Kit contains so much more than just legal tips. This all-in-one resource gives trustworthy advice on how to handle the physical, emotional, psychological, financial and legal aspects of caring for an Alzheimer’s patient with the greatest of ease. This is the one resource an Alzheimer’s caregiver can’t be without. That’s why Dave Woynarowski, M.D., Board Certified Internist, Anti-Aging, Longevity and Life Enhancement Specialist, had this to say: “After a thorough review of the material in The Indispensable Alzheimer’s Resource Kit, I was absolutely stunned. Finally here was the missing piece of the puzzle for Alzheimer’s caregivers. If I had been able to provide this invaluable information to my patients and their families before, I can’t tell you how many headaches and heartaches I could have saved them.” To get instant access, simply click on the Indispensable Alzheimer’s Resource Kit tab under Free Resources on the Law Elder Law website. If your loved one has memory problems and you’re afraid of the consequences that may bring, give our office a call today at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now. Sincerely, Rick L. Law, Attorney, Estate Planner for Retirees. Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care. Call 800-310-3100 for your free consultation now!