More and more "investment advisers" are selling Trusts as vehicles for preventing probate, avoiding taxes and providing for estate management. Approximately 40 million baby boomers soon will require increasingly expensive medical care during a longer life expectancy than their parents. As they become ill with Cancer, Strokes, Alzheimer's Disease, Parkinson's Disease and other debilitating illnesses, that care will in many cases be delivered in a Skilled Nursing Home setting. The average stay at a nursing home...

HOW TO PAY FOR NURSING HOME CARE

Over 70% of the American population will need some form of Nursing Home Care at some point during their life. The average Nursing Home stay can easily cost $7,500 per month. Add a Respirator in order to breathe and the cost could escalate to $25,000 per month. Whether a serious injury or a sudden or progressive illness, few people are prepared to handle the high cost of Nursing Home Care when a loved one is struck with a Catastrophic Illness.

Catastrophic Illnesses...

“MEDI-CAL” THE WELFARE MYTH

Unfortunately families, with loved ones suffering from a Catastrophic Illness such as Dementia, Parkinson’s, Stroke, or Alzheimer’s and in need of Long Term Nursing Home Care, labor under the mistaken notion that Federal funds from Medi-Cal are only for low-income patients. In fact, many Nursing Home operators are equally suffering from the same mistaken beliefs. Nothing could be further from the truth.

The Private Pay Myth Many nursing home operators prefer...

Long-Term Care Insurance,

A BITTER PILL THAT CAN BE HARD TO SWALLOW



LTC insurance can protect your or your loved one in the event of a long-term illness. According to the LTC industry it can protect your assets and provide you with peace of mind. Like all insurance, long-term Care insurance was created to help with the costs of nursing home care. Typically, when insurance of any kind is sold, it is presented as a “cure-all” for every problem and need. Given that the cost of nursing home...

Living Trusts can Jeopardize Nursing Home Care

More and more these days “investment advisers” -- who may or may not be practicing law without a license -- are selling Trusts as vehicles for preventing probate delays and expenses, avoiding taxes and providing for estate management. Yet many of those marketing Trusts either do not recognize, or intentionally avoid discussing, a serious problem inherent in using Trusts in the context of an aging population: Trusts are a useful estate-planning tool but can...