estate planning

Estate Planning and Long Term Care

Did You Know: People reaching the age 65 have an average life expectancy of an additional 18.5 years (19.8 years for females and 16.8 years for males)? The population 65 and over will increase from 35 million in 2000 to 40 million in 2010 (a 15% increase) and then to 55 million in 2020 (a 36% increase for that decade)? About 60 percent of individuals over age 65 will require at lease some type of long-term care services during their lifetime? Medicare, the federal health insurance program for those over 65+, paid only 13% of U.S. long-term care bills in 2002.? A nursing home costs between $60,000 and $80,000 per year? (national average for a private room is approximately $70,000 per year) From 1990 to 1995, nursing home costs rose 6.25% a year? A government study forecasts that home-health care and nursing home costs will rise 5.8% per year through 2020. 37% of all persons in need of nursing home care are 64 years of age and younger? Nearly three in ten (28%) adults are saying they are “very” worried that they won’t be able to pay for nursing home and home care services? Nearly one-third (32%) of people without long term care insurance say it’s just something they’ve thought about? 44.4 million caregivers (or one out of every five households) are involved in caregiving to persons aged 18 or over?

Estate Planning Attorney in Los Alamitos

As an Estate Planning Attorney located in Los Alamitos, California servicing Orange County and Los Angeles County I try to ensure that I inform my clients of the need for long term care planning either in their Trusts or Wills, or through the purchase of insurance.

Contact Orange County Law Firm

For contact information, see my website at www.nemlawyer.com or call me at 562-799-1379. Many think Medicare pays for all long-term care needs for the elderly: in fact, its nursing home coverage is limited mainly to short-term patients recovering from hospital stays.

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  • I finally got around to making the “estate planning” phone call after many decades of procrastination. I found Lawrence via Avvo and Yelp reviews, and he was very responsive to all my questions about estate…

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ABOUT OUR FIRM

We Specialize In Estate Planning, Probate, Wills And Trusts, Insurance Law And Business And Corporate Law.

I was licensed to practice law in the State of California on June 6, 1996. I then formed The Law Offices of Lawrence H. Nemirow, PC to serve communities of Los Angeles County and Orange County with their legal needs. I am licensed to practice before all of the Superior Courts in the State of California, the U.S. District Court for the Central District of California, the U.S. District Court for the Southern District of California, and the United States Court of Appeals for Veterans Claims.

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(562) 799-1379 (562) 799-1377 lhnemirow@gmail.com