The Continuing Care Community Trap
Continuing Care Puts Hundreds of Thousands of Dollars Into Probate Continuing Care Communities make sense for people who want to live independently now and have additional levels of care available later if they need them. But there’s a very specific estate planning problem that arises when someone enters one of these communities, and if it […]
8 Myths of Senior In-Home Care Debunked!
Many of my clients and their parents need help as they age, but that doesn’t mean a straight shot from living independently to a nursing home. It’s usually more gradual than that, and plans often start with the family discussion around “what should be done.” Many families consider the possibility of in-home senior care to […]
Myths of Care Assistance Planning
Another great benefit of attending national estate planning conferences is gaining new insight into areas of practice. One of the areas we have been assisting clients and their families with is in Care Assistance Planning, meaning exploring different care and financing options around long term care. While we have always been able to assist with longer-term planning to protect a families assets from a spend-down, there appears to be even more we can do for “crisis planning,” meaning “Mom or Dad is going into the nursing home in the next few weeks and we need to do something now.” At The Estate Plan’s Advanced Institute, these issues got the day-long treatment. In the coming months, look for even more information on Care Assistance Planning and options. But for now, here is a list of signs that you may need to talk to us, either about your plans or for aging parents:
Launch of Free Medicaid Course
When it comes to long term care planning with Medicaid, the federal government makes the rules confusing, convoluted, and so complex that families tend to throw up their hands in frustration and just spend everything until broke. That’s the way the government wants it. But if you know the rules, you can win the game. […]
The Medicaid Squeeze Can Be Reversed
The Medicaid Squeeze The intricate maze of Medicaid Planning confuses even seasoned professionals if they don’t focus on this type of planning in their daily practice, and it’s easy to find differing opinions. Accountants cringe when told to liquidate an IRA because they’re used to minimizing taxes. Bankers gasp when told to liquidate or just […]
What are the Medicaid Spend Down Priorities?
Medicaid Spend Downs One of the most crippling situations for families is when a loved one needs long-term care, they start to look at prices for nursing homes and realize that it is just not possible to keep paying over the long haul without losing everything. Medicaid becomes a path to take to finance your […]