The high cost of medical care and nursing home care can wipe out everything that a person has worked hard for, saved or acquired over the course of a lifetime. High costs are among the leading nursing home issues, with the average monthly cost of $7,500 per month in Maryland. An individual’s or a couple’s savings may be consumed in a year or less.

Because of the severe consequences of poor decisions when it comes to nursing home issues, significant advance and careful planning is necessary. This will help avoid a situation where you or your loved ones have to sell off assets just to pay for medical or nursing home care. Significant asset protection can be accomplished with the help of experienced elder law attorneys.

We do this through careful planning and through the use of effective asset protection strategies. It is critical to realize that asset protection planning can happen after a parent enters the nursing home.