November 21, 2019 |
Study Shows That Home Care Costs Have Grown Significantly
The charges for home care are now rising faster than those associated with nursing home care, according to Genworth’s most recent cost of care survey. ...
Learn MoreStudy Shows That Home Care Costs Have Grown Significantly
The charges for home care are now rising faster than those associated with nursing home care, according to Genworth’s most recent cost of care survey. The median annual cost for home health aides rose 4.55% in 2019, whereas the median cost for a private nursing home room only increased by 1.82% to $102,000.
Getting support, whether it’s in a nursing home or in your own home, can be extremely costly, particularly if it decimates you and your spouse’s retirement savings. This study shows that long-term care is becoming increasingly expensive.
Consulting with an elder law attorney might be the only way for you to protect some of your personal assets from being used to support a spouse in a nursing home. A consultation with an elder law attorney can help you understand the benefits of attempting to qualify for Medicaid using advanced planning opportunities.
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Author: ron_rasco
November 19, 2019 |
Why is the First Attorney Meeting So Important with Estate Planning?
Your first meeting with a knowledgeable estate planning lawyer lays the groundwork for all of the things you will work together towards in the future. ...
Learn MoreNovember 18, 2019 |
New Jersey’s Intestate Succession Laws
If you pass away without a will in New Jersey, your assets will be passed on to your closest relatives under laws established by New ...
Learn MoreNovember 12, 2019 |
New Estate Tax Amounts Announced for 2020
The IRS has authority on the estate tax and gift tax amounts that affect individuals and families and recently announced changes to the estate tax ...
Learn MoreNovember 11, 2019 |
Three Tips to Make Business Succession Planning a Breeze
No entrepreneur wants to think about a future in which they are not involved in their business without that being their own choice. It’s smart ...
Learn MoreNovember 6, 2019 |
Where Should I Keep My Will?
If you already created your own will without the help of an attorney, it’s still a good idea to have a lawyer review your document ...
Learn MoreNovember 5, 2019 |
When to Begin Asset Protection Planning
Are you concerned about your assets being exposed to risks? Worried that your personal assets could be tapped through a lawsuit or through a creditor ...
Learn MoreNovember 4, 2019 |
Own a Financial Firm? It’s Time to Start Succession Planning
Many financial advisors are soon to be aging out of their companies. The average age of today’s financial advisors in the United States is in ...
Learn MoreOctober 30, 2019 |
Asset Protection Planning: What’s Your Personal Liability?
You’ve purchased car insurance to give you peace of mind if you’re ever in an accident. Based on the same potential exposure risk, you also ...
Learn MoreOctober 29, 2019 |
Are You Living in One of the Most Expensive States for Long Term Care?
Long term care costs could decimate your retirement planning if you don’t work out a plan to qualify for Medicaid in advance. Talking to an ...
Learn MoreSchedule your free Exploratory phone call
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