Planning Ahead for Long-Term Care
Long term care is one of the biggest unknowns in retirement.
Whether care happens at home, in assisted living, or in a nursing facility, the costs can add up quickly & last longer than many expect. Planning ahead matters.
Some families look at long term care insurance as part of the solution. Others may rely on Medicaid as a safety net, but strict income & asset limits apply. Many people must spend down savings before qualifying.
An elder law attorney can help review options that may improve eligibility while protecting assets where possible. This may include how assets are titled, how cash is held, or whether certain trusts make sense.
Timing is critical. Most states review financial transfers going back five years. Waiting too long can limit options. We help coordinate these conversations early so care planning fits into your overall financial picture.
Topics are often considered helpful in supporting the retention of wealth.
