Long–Term Care and Asset Preservation
The costs of long-term care (in-home or in a facility) may reach as high as $8,000.00 per month. For most individuals and couples these costs would deplete assets in a short period of time. Therefore, preservation of one’s assets is of great financial and emotional importance especially when a healthy spouse is still at home. We assist clients in their consideration of all available options to finance long-term care. These options could include tapping into the equity of a person’s home, maximizing return on investments, long-term care insurance benefits and the availability of government assistance, especially the Medicaid program.