Protecting Your Parents’ Assets From Nursing Home Costs
With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for the care they need.
With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’ life savings to pay for the care they need.
When creating an estate plan, the main decision is how your assets will be distributed after you pass away. Understanding "per stirpes" and "per capita" distribution is key to that decision.
Continuing Care Retirement Communities (CCRCs) - which offer the entire continuum of care under one roof - are an appealing retirement housing option, but they can be very expensive.
If you think you might someday want to apply for Medicaid long-term care benefits, you need to be careful about giving away money or property.