For you and your family, ensuring financial stability into the future can be a pressing concern. If you want to protect your assets as you get older, it’s more than a matter of wealth management. Fortunately, working with the skilled elder law attorneys at Cecil & Cecil PA in High Point, NC, can afford the following benefits.

Mitigate Long-Term Care Costs

For many people of advancing age, securing long-term care is at the top of mind. While Medicaid usually covers a portion of costs, most people are faced with increasingly steep bills when in assisted living facilities and nursing homes. An elder law attorney can assist you financially by establishing a trust where your assets will remain protected from nursing home costs. That way, you can rest assured your estate is available to heirs when the time comes. 

Devise Estate Planning Options

Along with long-term medical care, an attorney well-versed in elder law can also help you devise common-sense estate planning options. While having a will in place is crucial, you’ll also want to look into things like annuities to ensure your estate plan offers comprehensive protection. A lawyer can also help you keep up on your financial accounts to ensure your assets are dispersed in the manner you see fit.

Prevent Fraud From Occurring

Additionally, an elder law attorney can help prevent fraudulent practices from occurring, such as business schemes and other agreements that are not beneficial to your financial well-being. A good lawyer can review contracts or possible business deals to make certain everything is what it appears to be.

When you’re searching for ways to protect your assets as you get older, turn to the legal team at Cecil & Cecil PA. With more than six decades of combined legal experience, the firm can address even the most complex issues for their High Point clients. Learn more about essential elder law topics by visiting them online, and call (336) 883-8383 to schedule your consultation with a skilled and knowledgeable attorney.