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Brian Andrew Tully releases new Guidebook,
“How To Plan For Aging Parents 2010”
October 2010--Attorney Brian Andrew Tully,
Esq. has released a new guidebook which
provides valuable information for adults on
how they can plan for their elderly parents
as they age.
“How To Plan For Aging Parents 2010”
addresses crucial topics to make sure the
elderly are able to afford the quality life
care they deserve.
Topics include the cost of long-term care;
life care planning; Medicare, Medicaid and
the Deficit Reduction Act of 2005; planning
for long-term care; potential Medicaid
recovery issues; and the future of long-term
care. This report is available free of
charge and can be downloaded at
www.elderlaw.pro.
According to Mr. Tully, the cost of nursing
home care on Long Island runs from $115,600
to $152,300 a year, or approximately
$312-$612 daily. “Studies show that
approximately two out of every five people
reaching age 65 will need some type of
long-term healthcare,” Mr.
Tully said.
“You are likely one of the many people who
would prefer to stay at home, no matter what
the cost, but without the proper planning,
the lack of available services and the
staggering price tag, it may leave you with
few alternatives.”
The guidebook also introduces the concept of
Life Care Planning, a new specialty of elder
law emerging around the country. While
traditional elder law or Medicaid planning
law firms focus on saving the elder’s money
for the next generation, Life Care Planning
law firms use the elder’s money to maximize
his or her quality of life and independence.
Life Care Planning helps people find and pay
for good care by bundling asset protection,
public benefits qualification, care
coordination, nursing home advocacy and
crisis intervention.
“Contrary to what many seniors believe,
Medicare does not cover everything,” Mr.
Tully said. “It is imperative that seniors,
those approaching retirement age and the
families of those needing long-term care
take advantage of the planning opportunities
that exist today and implement a Life Care
Plan. As with any planning, a good way to
begin is to seek competent advice from a
qualified professional.”
A member of the Suffolk County and New York
State Bar Associations, Mr. Tully is
certified as an elder law attorney by the
National Elder Law Foundation and focuses
his law practice on life care planning,
elder law, estate planning, Medicaid
benefits and asset protection.
Most
recently, he was named to the Board of
Directors of the Life Care Planning Law
Firms Association. Earlier this year, he
received accreditation from the U.S.
Department of Veterans Affairs to represent
and assist veterans and their spouses in the
preparation, presentation and prosecution of
claims for benefits, including the Aide and
Attendance Pension.
In 2004, he founded the ElderCare Resource
Center, Inc.
(www.eldercareresourcecenter.info
), whose mission is to be the
community resource for support, answers and
expertise in regard to advance planning and
informed decision making about present and
future long-term healthcare. The Suffolk
Nassau Regional Business Partnership voted
the ElderCare Resource Center as Educational
Business of the Year in 2005.
