A component of our Asset Protection practice includes Elder Care Planning. When a client is faced with significant nursing home costs, our clients, and often times their families, want certainty of knowing what assets can be protected, the assets that are at risk, and to create an Asset Protection plan that minimizes out-of-pocket nursing care costs.
The largest threat to most client’s Private Wealth comes from a potential stay in a long-term care facility. The costs for Assisted Living and Nursing Home care continue to rise, and our planning in these areas is designed to analyze the options available to provide for this care, and where appropriate implement Asset Protection planning strategies to make Medicaid, Veterans or other long-term care benefits available to our clients.
Elder Care Planning routinely implements Trusts for asset protection purposes to achieve eligibility, as well as protecting and insulating estates and valuable assets from being spent down when facing a long-term stay in nursing facility.
We encourage clients with Elder Care Planning concerns to engage in Pre-Planning Strategies, such as Trusts and smart asset-ownership structuring to prepare for potential long-term nursing care.
For clients in crisis situations that need nursing home care in the near-term, we take an in-depth look at their assets and circumstances to implement Elder Care Plans that often involve a combination of trusts, asset retitling, application strategies and Medicaid Compliant Promissory Notes and Annuities where appropriate.
The largest threat to most client’s Private Wealth comes from a potential stay in a long-term care facility. The costs for Assisted Living and Nursing Home care continue to rise, and our planning in these areas is designed to analyze the options available to provide for this care, and where appropriate implement Asset Protection planning strategies to make Medicaid, Veterans or other long-term care benefits available to our clients.
Elder Care Planning routinely implements Trusts for asset protection purposes to achieve eligibility, as well as protecting and insulating estates and valuable assets from being spent down when facing a long-term stay in nursing facility.
We encourage clients with Elder Care Planning concerns to engage in Pre-Planning Strategies, such as Trusts and smart asset-ownership structuring to prepare for potential long-term nursing care.
For clients in crisis situations that need nursing home care in the near-term, we take an in-depth look at their assets and circumstances to implement Elder Care Plans that often involve a combination of trusts, asset retitling, application strategies and Medicaid Compliant Promissory Notes and Annuities where appropriate.
