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Samantha McCarthy , ESQ . McCarthy Law , LLC 19 First Ave . East Greenwich , RI 02818 401-262-8747 • mccarthylawri . com
Q .
As it relates to estate and long-term care planning , what are the options to protect assets in advance , versus the options for emergency protection ?
A .
Advanced estate planning allows the opportunity to potentially preserve up to 100 percent of the assets that a person has , but this planning must be done at least five years in advance of a long-term care needs . Emergency planning , on the other hand , provides the opportunity to preserve assets for someone who did not do advanced planning but needs immediate long-term care . If someone has a spouse who lives in the community , we can often save all of their otherwise available assets when an emergency need for long-term care arises . When someone does not have a spouse , we can still often save about half of their otherwise available assets . Proper planning allows a unique opportunity to protect assets while also focusing on the need for appropriate care , maintaining options and preserving Autonomy .
Now is the time to explore your passions and make new memories at StoneRidge – Mystic ’ s only Life Plan Community .
To schedule your personal tour , call 860.359.4527 .
186 Jerry Browne Road • Mystic , CT 06355 • StoneRidgeLCS . com
Visit our website , mccarthylawri . com , to acquire your complimentary estate planning checklist !
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