There are a couple of common misconceptions as to what happens to assets when placed in an Asset Preservation Trust to protect them. The first misconception is believing the attorney will take control of the assets and the second misconception is believing all assets have to now be invested in one place. Neither of these […]
Would the Trustee of an Asset Preservation Trust Have A Lot of Responsibilities to Attend to?
A trust has to have a trustee, somebody who is in charge of managing the assets in the trust, and with an Asset Preservation Trust, you can’t be your own trustee. One of the questions we often get during Asset Preservation Planning is, “Will the trustee have a lot of responsibilities to attend to?” Since […]
Why the Medicare Five-Star Ratings for Nursing Homes May Not be as Meaningful as You May Think
The Medicare Five-Star Ratings system lends itself to the underlying assumption that one set of criteria can determine what’s best for everyone. This is simply not true. Each person entering a nursing home has different needs and wants, and therefore the priorities of what’s important are different for each individual. While some may need a […]
Alzheimer’s and Handling Driving Privileges
Senior drivers are at greater risk of being involved in a traffic accident than any other age group. As we age, there are a lot of natural circumstances that affect our driving that aren’t necessarily Alzheimer’s related. Our reflexes get slower, we lose visual acuity, and our hearing diminishes as we age. So, the topic […]
How An Asset Preservation Trust Protects Your Life Savings From Long-Term Care Costs
An Asset Preservation Trust is a special trust we use in Asset Preservation Planning to protect assets that could be lost to the financially devastating costs of long-term care. Basically, how it works is that ownership of the assets transferred into the trust is no longer considered yours, therefore the assets are protected from any […]
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