Understanding your spouse’s long-term care costs is crucial, especially when considering remarriage later in life. In this Elder Law Minute, Kaye Dent from Dent Coulson Elder Law explains why it’s important to be aware of your responsibilities and the potential impact on your assets.
Introduction
In this Elder Law Minute, Kaye Dent from Dent Coulson Elder Law explains why understanding spouse’s long-term care costs is important when planning for your future, especially if you are considering remarriage later in life.
Planning for the Future
If you’re thinking about remarrying, it’s important to consider how your new spouse’s long-term care needs might impact your assets. Entering a marriage with existing assets requires careful thought to protect what you’ve worked hard to build.
Legal Responsibilities
When you get married, you are legally responsible for your spouse’s care, including nursing home expenses. Without planning, this can lead to significant financial strain, potentially costing thousands of dollars each month.
Getting Help
For assistance in understanding your risks or developing a plan for managing the potential costs of spouse’s long-term care, contact us at Dent Coulson Elder Law today. We’re here to help.
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“Your Trusted Advisor on the Elder Care Journey”
Dent-Coulson Elder Law is dedicated to providing families in the St. Louis area with their Elder Law needs. Our practice areas include Asset Preservation Planning, Veterans Benefits, Medicaid Eligibility, Alzheimer’s Planning, Special Needs Planning, Estate Planning and more. We understand the financial challenges you may face as you and your loved ones grow older. At Dent-Coulson Elder Law, our clients’ well-being is our number one priority. For immediate help, call (618) 632-7000 (IL) or (314) 567-9292 (MO), or Contact Us and we will get in touch as soon as possible.
