The cost of long-term care can take away a lifetime’s worth of work and saving. Don’t make mistakes that can cost you everything. Start by understanding the basics and the strategic alternatives open to you. Paying for Long-Term Care: There are only three ways to pay...
Long-term nursing care is surprisingly expensive. Medicaid for long-term care is a state and federal program that will pay for long-term in-home care or nursing home care for those who qualify. In addition to the requirement of being a U.S. citizen and resident of...
The new administration has announced ambitious plans involving spending for infrastructure and other projects, and also new taxes to pay for these plans. The plans are contained in three proposed legislative packages: The American Families Plan, The American Rescue...
If you have several years to go before retirement, Medicaid might be the furthest thing from your mind. In fact, early Medicaid planning can give you more control over the process if you do eventually need long-term care. Review these reasons to think about Medicaid...
In this time of uncertainty and fear about the COVID 19 crisis, it’s more important than ever to take care of your personal and family estate and elder law planning needs. Especially now, to protect your family and your own...
1. I own everything jointly with my spouse, so we don't need wills. FALSE. Especially on the death the second spouse to pass away, when there’s no surviving spouse to inherit, a Will would be helpful or even necessary to direct your estate to those who should inherit....
People think that if you’re headed toward expensive long-term care such as in a nursing home or assisted living, that there's nothing you can do to protect yourself financially, and you're just going to lose everything you ever worked and saved for. That's absolutely...
Our system of paying for long-term care services is badly broken. Medicare does not pay for long-term care in assisted living or in a nursing home, which many people don't realize till it’s too late. Private long-term care insurance is purchased by fewer than one in...
