Long term care planning is a multidiscipline approach to educating and presenting planning options that apply to an individual’s long term care goals. Long term care planning can involve exploring financial solutions such as traditional long term care insurance, long term care partnership program asset protection policies, pension protection act solutions and many more creative strategies.
Long term care planning can also involve implementing asset protection trusts to protect an individual’s hard earned assets from creditors, predators and nursing homes, or qualifying a client for government benefits to help them pay for long term care.
These government benefits for long term care can include benefits from the Department of Veterans Affairs (“VA”) to help offset some of the costs of care, or arranging one’s affairs so that Medicaid can help pay for a nursing home stay. Each individual solution depends on each person’s situation, means, goals and needs. We can help guide you to the customized solution that is best for you.