Long-Term Care Planning
Many people rely solely on their own resources and private long-term care insurance to pay the cost of nursing home or assisted living care. A stay in a nursing home can be extremely expensive, and advance planning is the best way to ensure that you will have the funding necessary for such care, without having to deplete your resources. We help people make the right decisions about how to pay for their long-term care and avoid costly mistakes.
One of the most common questions we are asked is, “how can I qualify for Medicaid and not lose most, if not all, of my assets?” The best answer is to start planning 5 years before you think you might need nursing home care.
Regardless of whether you want to plan ahead for future needs, or if you or a loved one needs nursing home care now, we can provide guidance and recommendations for preserving your assets. The rules for Medicaid eligibility can be difficult to understand and change from year to year. We can guide you through the process and develop a strategy that pays for nursing home or assisted living facility care while preserving some assets for your loved ones.