Planning for Nursing Home Costs
Our New Jersey attorneys help clients obtained the best care possible for their loved ones
You may be going through a difficult and emotional time as you prepare to place your loved one in an assisted living facility or nursing home. At Price and Price, LLC, we realize you may feel overwhelmed. That’s why we urge you to reach out to us as soon as possible. Our compassionate attorneys and caring staff have years of experience helping people just like you. Part of our job is to help people find the best placement for their loved ones. Along with finding the right facility, we also want to make sure our clients have a sound financial plan in place. You want to find the right nursing home, but you also want to minimize the cost of care – which can be difficult.
Families need to prepare for the expense of nursing homes
Do you how much it costs on average to place a loved one in a nursing home in southern New Jersey?
- $350 per day
- $10,500 per month
- $126,000 per year
We know how quickly a placement in a facility can drain a family’s resources. Statistics show the average length of stay for a nursing home resident is nearly 2.5 years. Many South Jersey families must plan on spending hundreds of thousands of dollars for the care of a loved one.
But we also know that smart planning for long-term care costs can make these steep bills manageable. Many clients – from Salem to Mount Holly, from Woodbury to Ocean City – have turned to the knowledgeable attorneys at the elder law firm Price and Price for guidance. A firm that has been helping South Jersey families for more than 40 years, Price and Price has built a reputation throughout the region as an elder law firm that is dedicated to serving clients. We put our clients’ best interests first – and work hard to ensure their assets are protected as they make important long-term care planning decisions.
Nursing home and assisted living cost planning - Price and Price explains in simple terms
We know that New Jersey nursing home and assisted living laws can be complicated to the average person. We realize that financial planning for a family member who requires late-in-life assistance can be anxiety-provoking experience for many folks.
We strive to make this process as smooth as possible for our clients. Our job is to take the burden off our clients’ shoulders. While planning for costs of care can be stressful, you can rely on our attorneys who have 40 years of combined experience in elder law. We have extensive knowledge of the laws and have worked with many clients who have faced a variety of difficult and challenging circumstances.
Contact Price and Price today to arrange a consultation. Call 856.429.5522. We will help you make wise financial decisions.
What sets Price and Price apart from other elder law firms in South Jersey?
We are the largest elder law firm in South Jersey. Elder law is all we do. New Jersey families choose us because they know we focus exclusively on legal issues related to aging and long-term planning.
Our attorneys concentrate exclusively in this area of law and have earned many collective honors due to our intense dedication that helps further set us apart from other law firms in the area of nursing home planning including: Certified Elder Law Attorney Designation from the National Academy of Elder Law Attorneys, a Master of Laws in Taxation Degree and being awarded the Super Lawyers designation in the category of Elder Law in NJ by New Jersey Magazine just to name a few.
We also use the best available technologies and legal research tools. These are advantages clients get when they work with a major elder law firm in South Jersey.
How do you help with nursing home and assisted living financial planning?
We will examine your assets and help you look for any government or private programs available to make sure you or your loved one gets the care you need and deserve. We typically look for funding through veterans benefits and Medicaid benefits. We can help you complete a Medicaid application.
The sooner you begin your financial planning, the better off you will be when it comes time to place a loved one in a nursing home or assisted living facility. That’s why we urge you to call us now at 856.429.5522. We know you probably have many questions about your unique situation. We would be happy to hear from you and give you answers. Arrange a consultation with one of our attorneys. We have an office in Haddonfield, and we serve clients throughout Southern New Jersey, including the counties of Camden, Burlington and Gloucester.
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Price & Price attorneys have received recognition from various groups and publications. Specific awards are noted on our attorney bios. More information about each of these awards and the methodology used for selection can be found on the following links. Super Lawyers and SJ Magazine 2017 Top Attorneys. No aspect of these accolades has been approved by the Supreme Court of New Jersey.