You want to qualify for Medicaid, but your assets go above the predetermined thresholds. What now? One option is to spend-down your estate. You need to eliminate some of the assets you control to get below the threshold. There are numerous ways to do this, but many people simply gift them to family members or ...
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Are you unsure exactly how much long-term care planning you need to do? Maybe you think it's not that expensive or that you'll easily just pay for it out of pocket. Some people can, but financial experts warn that those people tend to be millionaires. After all, the medical cost for a private room in ...
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The number of Americans who are 65 years old or older has been climbing for decades, and it is predicted to keep doing so. Some believe that by 2050, one out of every five people in the country will be at least 65. As noted, that's part of a larger trend. In 1950, the 65-year-olds' ...
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One thing you want to think about when doing long-term care planning is your life expectancy. Of course, things like accidents and disease can cause anyone to pass away well before this age, but it still gives you a reasonable figure when planning financially for a realistic future. In the United States, the life expectancy ...
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Over roughly the last two decades, attitudes about long-term care have changed. One expert noted that the change started around the year 2000. Generally speaking, it's something people think about more now than they have in the past. They're concerned, even worried. They're interested in planning in a way they weren't in previous decades. The ...
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