Be cautious of schemes that would allow you to hide or give-away assets in order to qualify for Medicaid’s long-term care benefit. Federal law provides middle and upper-middle class families to way to protect savings and provide for quality care.
Linda is a former journalist who now enjoys writing about topics she is interested in so she “can keep her mind active and engaged”.
Celebrities suffer from the same frailties as the rest of us do. But when things happen to those in the public view it gives us the opportunity to plan in advance. This can give our families peace-of-mind.
You are young and in good health. This is the best time to think about how the rest of your life will be and how best to plan for it. This includes living wills, medical power-of-attorney, and long-term care insurance planning.
Studies show the obvious. Long-Term Care creates stress and burden on family caregivers, no matter the reason care is required. An advance plan can ease the burden and provide asset protection.
Aging is an issue which impacts every American family. With longevity comes the health and age-related issues which drain savings and create stress and pressure on loved ones. New proposals give families more options to plan.
While many people are enjoying the lower tax-rates provided by the Trump tax law, few know the medical expense deduction threshold will increase unless action is taken by Congress.