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Strategies for Long-Term Care Presented by Chapel Hill Elder Law Attorneys

Chapel Hill elder law attorneys at TrustCounsel present a workshop for seniors on February 11th in Pittsboro, North Carolina.
    CHAPEL HILL, NC, January 11, 2014 /24-7PressRelease/ -- Long-term care costs are only going up and aging Americans must manage a fixed income to cover the costs. Gregory Herman-Giddens and Kristin L. Burrows, estate planning and elder law attorneys with TrustCounsel, review North Carolina laws and tools available to seniors in "A Lawyer's Perspective: Financial and Legal Strategies and Planning, and Assistance Paying for Long-term Care."

Reports released in 2013 reveal the minimum private room monthly cost for a nursing home in North Carolina is $4,050. In the Chapel Hill area, the cost tends to be much higher. The median cost of nursing home care in North Carolina runs $71,723 per year for a semi-private room, and $77,471 per year for a private room. These rates are forecast to grow 6% annually.

Seniors are overwhelmed trying to understand healthcare costs in the dawn of the Affordable Care Act. TrustCounsel's attorneys explain financial planning for long-term care on retirement income and review little-known Veterans' Benefits to help offset the costs for care. Seniors do not need to rely exclusively on long-term care insurance. Using asset protection and trust administration tools as examples, the workshop offers ways to minimize taxes and create a financial plan for seniors who need to cover in-home or nursing home care expenses. The course also outlines the benefits of Medicaid, changes to NC Medicaid law, how to preserve eligibility, asset exemptions, and more.

Instructor Gregory Herman-Giddens is a Certified Financial Planner and a board-certified in North Carolina estate planning, and Kristin L. Burrows is an elder law attorney accredited by the Department of Veterans Affairs.

The workshop is provided in coordination with the Chatham County Council on Aging and will be held at the Senior Center in Pittsboro (387 NC Highway 87 North) on February 11, 2014 from 6PM-8PM.

About TrustCounsel
TrustCounsel is a North Carolina estate planning and tax law firm headquartered in Chapel Hill. The firm also has offices in New York and Miami, serving clients throughout North Carolina, Florida, Tennessee and New York. Practice areas include: estate planning (wills, living trusts, powers of attorney, health care powers of attorney, living wills, HIPAA authorizations); trusts (charitable trusts, life insurance trusts, special needs trusts, generation-skipping trusts and dynasty trusts, marital trusts, NFA trusts); taxation (tax planning, retirement distribution planning, tax return preparation, self-directed IRA taxation issues, representation before the IRS and state taxing authorities); fiduciary administration (estate administration / probate, trust administration, guardianships); property agreements (premarital agreements, post-marital agreements, joint ownership agreements); business law (buy-sell agreements, consulting agreements, non-competition agreements, corporations, family limited partnerships, limited liability companies, non-profit organizations); asset protection planning (offshore and domestic trusts, limited liability entities); real estate matters (deeds, promissory notes, deeds of trust); partition proceedings (court-ordered sale or division of land); elder law (Medicaid planning, veterans benefits); and probate and trust litigation.

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Tara Lynne Groth

Chapel Hill, NC
United States
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