How to Manage the Cost of Long-Term Care
The cost of long-term care insurance is based on several criteria, including the number of clients who have kept their policies over time, as well as customers’ longer lives.
Must I Liquidate My IRA Before I Can Apply for Medicaid?
Can a nursing home make a person who is in the home liquidate money in an IRA and spend it down to pay for care, before they can apply for Medicaid?
Dark Side of Medicaid Means You Need Estate Planning
Medicaid recipients over the age of 55 are expected to repay the government for many medical expenses—and states will seize houses and other assets after those recipients die, in order to satisfy the debt.
The Long-Term Care Sandwich Squeeze
Millions of Americans worry about saving enough for retirement, while also providing for their children’s future. However, most overlook another set of dependents who could cost them even more: their parents.
Elder Law Attorney Can Help Plan for Long-Term Care Costs
A one-bedroom apartment in an assisted-living facility will cost you $194 per day–or about $71,000 per year. A home health aide will set you back $25 per hour, or $1,000 for a 40-hour week. Not scared yet?
Elder Law Estate Planning for the Future
You make things easier for the children, by planning for the possibility of a nursing home stay because you take the burden off the children to make crisis decisions for your long-term care costs.
How Much Will Long-Term Care Cost?
Many people are frightened of long-term care costs—for good reason.
Planning for the Impact of Medicaid
When a spouse enters a nursing home, the cost of care can be financially devasting. Many families are simply unable to afford long-term care, without applying for Medicaid. To qualify for Medicaid, there are limits on the resources that an applicant may have. Resources include both income and assets.
Why is an Advance Directive so Important with Dementia?
When it comes to the prospect of dementia, advance directives are critical because the disease is progressive.
Long-Term Care Costs and Your Estate Plan
Remember that the role of an elder law attorney is to be a client-centered advocate, which is a different assignment than being a taxpayer watchdog.