If you are married and looking at applying for Medicaid, there are bound to be numerous concerns regarding the “community spouse,” the one who is not going into the nursing home, and what assets they are entitled to keep. One important asset the community spouse is entitled to keep is the residence. In addition to […]
Who Needs An Asset Preservation Plan?
“In my mind everyone needs an asset preservation plan, especially as you grow older.” If you’re fortunate enough to make it to age 65, there’s about a 40 percent chance that you’ll eventually wind up in a long-term care facility. If you make it to age 85, that goes up to about a 70 percent […]
Should I Let A Nursing Home Representative Complete My Medicaid Application?
The question of whether or not to let a nursing home representative complete your Medicaid application comes with an answer that depends on a few variables. In certain situations where you have spent down your life savings, you haven’t made any gifts or transfers of assets within the last five years, you aren’t trying to […]
Should An Unmarried Couple Get Married If One Partner Needs Long-Term Care?
We occasionally get the question about whether or not an unmarried couple should get married if one of them needs long-term care. This question may seem unusual, but in the case of couples who have gotten together later in life and didn’t marry to honor a spouse they are widowed from, or in the case […]
Choosing The Right Level Of Care For Your Loved One With Alzheimer’s
Choosing the right level of care for your loved one can be daunting. Older adults and adults with Alzheimer’s typically want to remain in their own homes for as long as possible, sometimes at risk of their needs not being fully met or of having insufficient resources available to meet them. Considering all options is […]
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