The Latest Long-Term Care Asset Protection Strategies – February 11

Description

The high cost of long-term care can wipe out a family’s life savings in a short period of time. Unfortunately, many families are faced with this situation, finding themselves at the mercy of an under-funded government Medicaid system with limited choices. Recent legislative changes have created many questions surrounding planning techniques: How can I protect my home?  What is the penalty for giving assets away?  Are my assets protected if I put them in a trust?  When is long-term care insurance worthwhile to consider?  What if my loved one is already in a nursing home, can they still protect their assets?

Daniel Williams, CLU, CHFC, CFP is a Certified Financial Planner and co-founder of the Dover Group. He is a frequent speaker on retirement, estate planning and asset protection strategies and has been named as one of Boston’s top planners in Boston Magazine and The Wall Street Journal.