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Should you give away assets to qualify for Medicaid?

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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June 30th, 2018|

Are You Prepared for the Cost of Long Term Care?

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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June 18th, 2018|

How Does Life Expectancy in America Compare to Other Countries?

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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June 6th, 2018|

Attitudes Towards Long-Term Care Have Shifted: Why?

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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June 4th, 2018|