You may have heard me speak in other videos about the five-year look-back period for Medicaid. Well, if somebody upon a first diagnosis of Alzheimer’s engages in planning to direct his or her life savings from long-term care costs, most frequently that can be done at least five years in advance of nursing home placement. […]
Memory Care: The relatively new option for Alzheimer’s care
If you have a family member with Alzheimer’s and you’re considering facility placement, a Memory Care facility is definitely something you want to look into. People with Alzheimer’s are often in good health but need extra attention and help. They also may have a tendency to wander, so people with Alzheimer’s often need more security […]
Can Someone Diagnosed With Alzheimer’s Still Execute Legal Documents?
Whether a person knows and can understand the basic things that relate to legal documents is what determines their ability to execute them. The interesting thing is that competency is measured at the time that somebody signs. Why is this so important? People diagnosed with Alzheimer’s typically have good days and bad days, or even […]
Don’t Fall Into the “Things Are Too Hectic Right Now” Trap
Last week we discussed when planning should start, which we determined the sooner the better for getting the best results in protecting your life savings from long-term care costs. However, sometimes even the best intentions give way to daily life and the overwhelming feelings that may arise from the very situations the planning is intended […]
Why do I need an Asset Preservation Plan?
“I’ve made it clear to my family to never put me in a nursing home. So, why do I need an Asset Preservation Plan?” While no one wants to or plans to go into a nursing home, the hard fact is that some of us will have to go into a nursing home in our […]
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