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.
In Brief (Full Report PDF) More Older People with Disabilities Living in the Community: Trends from the National Long-Term Care Survey, 1984–2004 Trends in Family Caregiving and Paid Home Care for Older People with Disabilities in the Community: Data from the National Long-Term Care Survey Over the 20 years covered by the National Long-Term Care Survey (NLTCS), disability rates among older Americans have declined substantially. If 1984 agespecific rates had remained unchanged, 1.3 million more persons age 65 or older would have experienced a disability in 2004. If rates of institutional use among older persons with disabilities had remained constant,…
We provide our clients, families, and caregivers, with a support system, expertise and resources they need to better navigate the many health care, legal, and financial complexities associated with aging.
David Wingate, was overjoyed with the recognition. However, he credits the staff of Senior Life Care Planning for the ongoing success. “I am honored to receive recognition from my fellow attorney and the publication,” he said.
However, there are no right and wrong answers in choosing either LTCI or MT. Each client has their own situation, concerns, preferences, circumstances, and financial issues. The key is protecting your assets from the nursing home cost.
The annuity creates an income stream, (non countable) that repays the full amount of the annuity plus interest, over a term of years or the spouse’s actuarial life expectancy.
Asset Protection planning is especially prudent for professionals and business owners whose personal assets could be at risk due to the nature of their employment.
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