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Reducing the strain of Alzheimer’s

Alzheimer’s puts a strain on everyone, from sufferers to loved ones, but it doesn’t have to put your hard-earned savings at risk, too.

Suffice it to say that it’s a hard disease. It changes your life and your relations with your loved ones.

Your loved ones lose their memory and you lose your peace of mind. And if you’re unprepared, you can end up spending most of your assets before qualifying for Medicaid.

Fortunately, there are ways help keep some of your life’s earnings from being spent on long-term care.

The best thing would be to have long-term care insurance. Unfortunately, very few of our clients have it. We recommend it to all of our clients, but very few will end up qualifying for it and eventually purchasing it.

Therefore, it’s up to you to identify and pursue other ways to preserve your assets. The best place to start is an elder law attorney. At our office, we offer free telephone consultations designed to help you discover what your options are at this point.

What if you have a healthy spouse who will live on for years? Or what if you have a disabled child? What can you do to protect your assets from being consumed by the ravages of this disease.

Perhaps there’s nothing you can do at the point you currently find yourself, but you may be surprised. There are a host of governmental benefits that may be available to you through either Medicaid, Medicare, Social Security or the VA.

If you call our office for a free consultation, we will help you identify the steps you need to take right now to build a protective wall around your loved ones and your savings.

For more, call 847-292-1220, e-mail abferraro@abferrarolaw.com or visit www.ABFerraroLaw.com.

About Anthony B. Ferraro

Anthony B. Ferraro is the founder and managing member at the Law Offices of Anthony B. Ferraro. He received his Bachelor of Science degree in accountancy from DePaul University and his Master of Science in taxation. After receiving his CPA designation in 1978, he enrolled in law school, earning his Juris Doctor in 1983 from De Paul University. An elder law practitioner, his practice areas include Medicaid planning and applications, guardianship, probate & trust administration, long-term care planning, nursing home contracts and admission, senior estate planning, special needs planning, estate planning, and estate taxation.

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