Age With A Long-Term Plan In Place
The term “long-term care planning” is a broad description of techniques to protect the family’s assets in the event either spouse should be admitted to a nursing home. This technique could involve using irrevocable Medicaid trusts and waiting out a so-called five-year look-back period, suggesting long-term care insurance, or using the community spouse resource allowance and an annuity for so-called excess resources.
Create A Plan That Suits Your Needs
Our attorneys have the legal and financial experience to help you develop a long-term care plan that fits the needs of individuals and families. Your plan should fit your needs and circumstances.
- Asset protection
- Medicaid applications/fair hearings
- Medicaid trusts
- Private annuities
- Wills and living wills
No one technique fits every situation and, in order for a lawyer to properly advise you, all family factors must be considered. Before proceeding with any long-term care plan, please be sure the plan is presented to you in writing and you sign off on the plan before it is implemented.