What Should I Know About Long-Term Care?
April 18, 2023
The most significant threat to your financial nest egg is long-term care.
The most significant threat to your financial nest egg is long-term care.
For all the pain and disruption caused by COVID-19, at least one benefit appears to have come out of the pandemic for seniors: Their confidence about aging in place has soared!
A majority of adults are in favor of policies subsidizing some long-term healthcare costs, with support coming from both Democrats and Republicans.
A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament.
Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe from litigation, creditor claims, seizure and burdensome taxes.
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.
This article addresses the new guidance issued by CMS which seeks to bolster standards for nursing homes in the U.S. that accept Medicaid.
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.
Staff in nursing homes are being encouraged to learn about the Namaste Care program to enhance the quality of life for residents with dementia.
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