revocable living trusts

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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: