Ensuring that your estate assets are distributed according to your wishes after you are gone may be your primary motivation for creating an estate plan; however, that same plan can – and should – include additional, related, goals. Planning for the very real possibility that you (or a spouse) will need long-term care, for example, may be something you want to include in your estate plan. In fact, … [Read more...] about Is Long-Term Care Insurance Worth the Cost?
Although the primary focus of your estate plan may be to ensure that your estate assets are distributed according to your wishes after you are gone, another important component of a comprehensive estate plan is long-term care planning. The high cost of nursing home care, and other types of long-term care (LTC), in the United States makes planning ahead imperative. One way to do that is to purchase … [Read more...] about How to Purchase Long-Term Care Insurance
Whether it is for a parent or for a spouse, deciding that a loved one needs the type of care that can only be provided in a nursing home is never an easy decision to make. Once the decision is made, however, the next step is to choose a facility. Given the importance of your choice, deciding on a nursing home can be a very stressful process. What should you look for in a nursing home? What … [Read more...] about What Should I Look for in a Nursing Home?
A well-rounded estate plan should do more than just ensure your assets are distributed according to your wishes at the end of your life. It should also help ensure that you are financially stable throughout your lifetime and well cared for during your retirement years. To accomplish these additional goals, long-term care planning should be included in your estate plan. Each year, October is … [Read more...] about Long-Term Care Planning Month Should Prompt You to Start Planning
If you have a parent, or other loved one, who is enjoying their “Golden Years,” it is in their best interest for you to learn more about the growing problem of elder abuse in the United States. Sadly, as the nation’s older population continues to explode, the rate at which elder abuse occurs appears to be rising as well. The reality is that the elderly are frequently victimized by unscrupulous … [Read more...] about Port St. Lucie Elder Law Attorneys Offer Tips to Prevent Elder Abuse
Sometimes a client who is thinking about the possibility of going to a nursing home will ask me if the nursing home will get half of their assets. The real answer is it depends on the situation and whether or not you have planned ahead. If you are a single person and need Medicaid help to pay for a nursing home you must spend down your assets until $2,000.00 remains. How one spends down to qualify … [Read more...] about Does the nursing home get half of my assets?
For many aging Americans the possibility that you might have to spend days, months, or even years in an extended care facility or nursing home is a significant worry. These facilities are notoriously expensive and can easily cost $80,000 a year or more. Even if you have a substantial retirement account, having to pay for private nursing home care will have a substantial effect on your … [Read more...] about Elder Law Concerns: Protecting Your Assets From The Expense of Long Term Care
If you are considering moving to an elder care facility or have an elderly family member who is thinking of transitioning to such a facility soon, you have probably worried about the costs of such care. It’s no secret that long-term care costs are often extremely high, and the prospect of spending years in a nursing home or other elder care facility can seriously damage or completely deplete all … [Read more...] about Protect Your Assets From Nursing Home Costs
Incapacity Planning in Florida: Essential Concepts And Issues from Robert Kulas By making various types of documents that gives you the ability to make choices now, while you are still able. Learn more about incapacity planning in this presentation. … [Read more...] about Incapacity Planning in Florida: Essential Concepts And Issues
When an elderly family member or loved one moves into a nursing home, you want to know that the nursing home will provide the kind of care that’s required. It’s hard enough for an elderly person to change their life and transition into a nursing home environment without the added concern of wondering if they will suffer harm or neglect. And while most nursing homes provide care with out problems, … [Read more...] about When The Nursing Home Causes Harm