Long-Term Care

Experts tell us that if you are 65 years old today you have almost a 70 percent chance of needing some type of long-term care services and support in your remaining years, and the cost of that care will be high. Knowing that, every adult should include long-term care planning in their overall estate plan. One way to plan for the high cost of long-term care is to purchase a long-term care insurance policy. Before you do that, the Indianapolis attorneys at Frank & Kraft explain what you should … [Read more...] about Long-Term Care Insurance Options in Indiana

As life expectancy increases and more people reach their senior years, the need for long-term care becomes a reality for many people. Long-Term Care Awareness Month, which is observed in November, is a time dedicated to raising awareness about the importance of long-term care (LTC) planning. The month offers a unique opportunity to educate yourself, plan for your future, and take proactive steps to ensure your family is protected in the event you or a loved one needs long-term care services. The … [Read more...] about How to Participate in Long-Term Care Awareness Month in November

If you are like most people, you prefer not to dwell on the possibility that you could end up in a nursing home or other long-term care facility. Failing to plan for that possibility, however, can be a costly mistake. Not only might you be putting your retirement nest egg at risk if you don’t plan for the high cost of long-term care (LTC), but your wishes regarding where you end up may not be honored as well. Knowing that, the Indianapolis attorneys at Frank & Kraft explain why long-term … [Read more...] about Why Long-Term Care Planning Is Crucial

Although you probably hope to spend your final years in the comfort of your own home, the reality is that the longer you live, the better your odds are of needing long-term care. To help you plan for that reality, the Indianapolis Medicaid planning attorneys at Frank & Kraft explain how you can prepare for the possibility that you will need long-term care. Evaluate your health.  Although most people cannot predict the need for long-term care (LTC), evaluating the state of your health … [Read more...] about How to Prepare for the Possibility That You Will Need Long-Term Care

Although most of us prefer to envision living out our retirement years in our own home, the reality is that long-term care could be necessary at some point which makes planning for how you will pay for that care an important part of your estate plan.  The Indianapolis Medicaid planning attorneys at Frank & Kraft discuss the advantages and disadvantages of purchasing long-term care insurance to cover the high cost of long-term care. Why Do I Need to Plan for Long-Term Care? The … [Read more...] about What You Need to Know about Long-Term Care Insurance and Medicaid Planning

October is designated as “Long-Term Care Planning Month” each year in the United States. For all of us, it provides an excellent reminder of the need to have a long-term care (LTC) plan in place as well as the perfect opportunity to review your plan if you do have one in place. Before the month of October comes to a close, make a point of looking over your LTC plan and making an appointment with your estate planning attorney to go over the plan and/or make any changes that need to be made. The … [Read more...] about Celebrate Long-Term Care Planning Month this October by Reviewing Your Plan

Over your lifetime, you will undoubtedly work toward amassing a sizeable enough estate to see you through your retirement years with enough left over to pass down to your loved ones when you are gone. Amassing assets, however, is only the first step. You must also protect the assets you acquire.  One potential threat to your assets that you may never have considered is the cost of long-term care. To ensure that you plan accordingly, the Indianapolis asset protection attorneys at Frank & … [Read more...] about Protecting Your Assets Requires Planning for Long-Term Care

Approximately 70 percent of Americans over the age of 65 will need some level of long-term care services in their lifetime with 40 percent needing care in a nursing home. If you find yourself, or someone you love, in need of long-term care, it is important to also understand the rules and regulations that apply to LTC facilities. To get you started, a Carmel elder law attorney at Frank & Kraft explains long-term care transfer and eviction rules you need to know.. Your Federal and State … [Read more...] about Long-Term Care Facility Rules You Need to Know

Like most people, you undoubtedly hoped that you and your spouse could live out your retirement years in your own home without the need for long-term care. If, however, one of you reaches a point at which the type of care provided by a nursing home is necessary, you will also have to face the reality of the high cost of that care. One option may be to turn to Medicaid for help paying the bill; however, qualifying for Medicaid comes with its own set of obstacles and concerns. One of those … [Read more...] about What Assets Can a Spouse Keep on Medicaid?

Nursing home attorneys can work closely with you to help you create a plan in case you must go into a nursing home.  It is important to be prepared for the possibility to avoid stress for your family, financial hardship and the possibility of ending up in a nursing home that will not provide the high quality care that you both need and deserve as a senior.  Frank & Kraft can help you to craft a comprehensive and detailed nursing home plan that allows you to be … [Read more...] about Why Seniors Face Problems if They Don’t have a Nursing Home Plan