Estate Planning, Power of Attorney
I once met with a family dealing with a terrible, unexpected crisis. A family member had been seriously injured in an automobile accident and faced months – possibly years – of recovery. His cognitive abilities had been seriously affected. For at least the foreseeable...
Long Term Care Planning, Medicaid Planning
The need for long term care can last for years. This is true even for residents of nursing homes, the most expensive level of long-term care. According to one study, most nursing home patients will be there for at least a year. In fact, almost 25% will remain patients...
Long Term Care Planning, Medicaid Planning
How do you pay for long term care needs? Seventy percent (70%) of seniors will need some form of long term care. Yet Medicare and your health insurance policy will not pay for those costs. Many assume they must pay for long term care (LTC) out of their own funds or...
Long Term Care Planning, Medicaid Planning
In my presentations, I stress the importance of preparing for “long term care” needs. Long term care is not about hospitalization. In fact, it is not really even about medical care. It is about the inability to provide for one’s basic personal needs, often called...
