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Estate Planning: Prepare for Long Term Care (Part 2)
May 24, 2021 @ 7:00 pm - 8:15 pm
This class will focus on leveraging your assets to provide your best possible care, while also protecting assets for children or other heirs. As we age, we face the possibility of contracting chronic or acute medical conditions that may require short-term or long-term assistance. This can be very expensive. For example, a nursing home can cost $15,000 or more per month. Primary payment sources for long-term care coverage in a nursing home, assisted living or home setting are private pay, long-term care insurance, reverse mortgages and MassHealth (Medicaid). There are a dizzying array of options and technical rules that make this a complex planning area, filled with opportunities and pitfalls. Learn about various long term care planning strategies, and the pros and cons of each. This discussion will include eligibility rules of the MassHealth program, and asset protection strategies available to those engaging in advance or last-minute planning.
David Adams, Esq. & Benjamin Strobeck, Esq. | $35 individual or $55 screen