A Revocable Trust does not help protect against a Medicaid spend down. It’s an important distinction. In my practice, we use Revocable Trusts for the avoidance of probate as an estate planning tool, NOT as a long-term-care planning tool.
Jeff spoke with Anne Browning of Homewatch CareGivers about how to discuss the sensitive topic of future care assistance needs with your loved one who may need help.
I have a lot of clients who come in thinking that their monthly payments to their insurance company is going to cover long-term care if the need arises. However, even the best insurance in the world generally doesn’t pay for extended, custodial care assistance. Long Term Care Typically Requires Long Term Care Insurance While you […]
The answer is Maybe. It’s got to be part of a coordinated plan that takes everything into account, not just the house. Last-minute gifting like that can have serious consequences I often see as what I refer to as “Nursing Home Cost Panic.” Suddenly, a family member needs nursing home care that is going to […]