Stratton & Reynolds July 2018

Main Street Monthly 201 W. Main Street, Suite C, Lexington, SC 29072 • P: 803-358-7214 • www.strattonreynolds.com

JULY/AUG 2018

DON’T SELL THE HOUSE! LONG-TERM CARE COSTS AND WORRIES

H aving to make long-term care decisions about your loved ones is never easy. Nobody is prepared for the day when they have to consider putting a parent in a nursing home or assisted living facility. To make matters worse, long-term care is extremely expensive. According to Genworth Financial, one of the leading long-term care insurance providers, the cost of long-term care has risen steadily over the past 13 years — and it shows no signs of slowing down. Unsurprisingly, the biggest question many people have about long-term care is, “How will I pay for it?” In haste to secure financing, many people end up making unwise decisions. That’s why it’s so important to speak with an elder law attorney before doing anything drastic. The laws surrounding long-term care payments are complex, so it behooves you to have somebody with experience on your side. The biggest error we see people make as they plan to pay for long-term care is immediately selling their home. This can be an expensive mistake, because under many government programs — including Medicaid for nursing home care and the Veterans Affairs

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JOIN US FOR A WILD NIGHT OF FUN AT OUR NEXT CLIENT APPRECIATION EVENT

Everything our firm does wouldn’t be possible without our wonderful clients. We are so grateful for the chance to work with you, and we want to say thanks. We’d like to invite you and your family to join us for a client appreciation event at the Riverbanks Zoo. THE STRATTON & REYNOLDS CLIENT APPRECIATION EVENING When: Thursday, July 26 at 6 p.m. Where: Aquarium Reptile Complex at the Riverbanks Zoo, 500 Wildlife Pkwy., Columbia, SC 29210 It will be a casual night of fun, with snacks, activities, and of course, plenty of critters. We hope you’ll come and spend the evening with us. Please RSVP no later than 5 p.m. on Tuesday, July 24 by calling our office at 803-358-7214.

Call Now! 803-358-7214 • 1

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