What Should I Know About Long-Term Care?
April 18, 2023
The most significant threat to your financial nest egg is long-term care.
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The most significant threat to your financial nest egg is long-term care.
A majority of adults are in favor of policies subsidizing some long-term healthcare costs, with support coming from both Democrats and Republicans.
Because Medicaid Long-Term Care is a means tested program, making sure that you qualify with a good Elder Law attorney is important. Not all attorneys that claim to be “estate planners” focus on getting you qualified.
Sinking your teeth into a sweet strawberry might help ward off Alzheimer’s disease, according to researchers at Rush University in Chicago.
Certain habits can signal cognitive impairment.
Because of astronomical costs of care and support—often more than $100,000 per year—most individuals with disabilities will need government assistance, such as Supplemental Security Income and Medicaid.
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur in the midst of a crisis.
The three main areas of focus for elder law attorneys include health care, estate and tax planning and guardianship matters.
Good Medicaid planning ahead of time in drafting the judgment will be critical in determining whether the family – or the state – will be awarded more or less of the judgment.
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
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