Long-term care insurance (LTCI), also known as nursing home insurance, is the only form of insurance that will pay for long-term nursing home care. If you are single, the odds are 50 percent that you will need long-term nursing home care at some point in your life. If you are age 65 and married, the odds are 75 percent that you or your spouse will need long-term nursing home care. The average nursing home stay is 2.5 years, at an estimated national average of more than $75,000 a year. And yet, most people do not have long-term care insurance. One…
Strategic use of life insurance frequently is a key aspect of comprehensive estate planning, solving a wide variety of estate planning challenges from providing liquidity to pay estate taxes, to charitable bequests and ensuring the continuation of a closely-held business. One of the key characteristics of life insurance, however, making it such a versatile estate planning tool, is preferential tax treatment. Properly structured, life insurance proceeds pass tax-free to beneficiaries, and earnings on investments held within certain types of “permanent” life insurance also generally accrue tax-free. According to a recent article in The Wall Street Journal, there is some national…
Senior Life Care Planning finds and accesses services for veterans, through VA benefits, and seniors through Medicare, Medicaid and other governmental or private resources. We also help identify, coordinate, assist and advocate on various issues i.e. housing, assisted living facilities, nursing homes, social and caregiver support. Additionally, we provide support services for seniors, families and caregivers, coping with the stress and issues with individuals with diseases including Alzheimer’s disease or related dementias, Parkinson’s disease, and other elderly diseases. The family dilemma is caring for your loved ones, with limited time, money and energy. Additionally, families are living in different areas…
Recently, parents were up in arms, about having their high school kids “walk” to school. Where is the same commitment, action and engagement for seniors?
A good elder care manager has many years of experience and many weapons in their arsenal of intellectual capital. They are good at assessing the situation, good at identify and defining problems, and good at making specific recommendations on where to go and who to go see to get help.
We are changing the face of elder care, by delivering high quality, independent professional advice and advocacy services on home care, assisted living and nursing homes, asset protection, and finding governmental programs to pay for care.
Senior Life Care Planning offers a wide range of services to help maintain their client’s independence at home, or to advocate for their client’s rights and quality of life, at an assisted living facility or nursing home.
A trust in lieu of a will – may be better if you have a complex estate, require asset protection from the nursing home, a beneficiary who must meet certain conditions before receiving assets or a special-needs loved one who requires care after you are gone.
Frederick, MD 
301-663-9230
