One of the most common, well-intentioned mistakes that Alzheimer’s families make is gathering the whole family around with the Alzheimer’s person to talk about taking the keys away. While the family may have their best interests at heart, their support and concern may actually come off to the Alzheimer’s person as being ganged up on […]
How Can I Protect My Residence From Long-Term Care Costs?
For most people their residence is far and away their single most valuable asset. So, it’s no doubt that one of the most pressing questions we get during Asset Preservation Planning is: “Well, if I am facing nursing home placement, how can I protect my residence from being lost to the cost of my care?” […]
What Will Happen to the Assets That I Transfer Into an Asset Preservation Trust?
If you’ve watched some of our other videos, or looked around our website, you’ll know that for most people the best way to protect their assets from long-term care costs is to put them into a special kind of trust that we call an Asset Preservation Trust. Think of it as putting things into a […]
Alzheimer’s and the Five-Year Look-Back Period: The time to plan is NOW!
You may have heard me speak in other videos about the five-year look-back period for Medicaid. Well, if somebody upon a first diagnosis of Alzheimer’s engages in planning to direct his or her life savings from long-term care costs, most frequently that can be done at least five years in advance of nursing home placement. […]
Memory Care: The relatively new option for Alzheimer’s care
If you have a family member with Alzheimer’s and you’re considering facility placement, a Memory Care facility is definitely something you want to look into. People with Alzheimer’s are often in good health but need extra attention and help. They also may have a tendency to wander, so people with Alzheimer’s often need more security […]
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