People who are serious about preparing for the future should certainly consider the matter of long-term care.
There are some misconceptions out there about the Medicare program. Some individuals go forward living in the moment without actually learning all the details. Sometimes they find out some disturbing facts when it is too late to react.
Medicare will not pay for an extended stay in a nursing home or an assisted living community. And if you are thinking that you probably won’t need this type of assistance, in truth most elders will indeed need help with their day-to-day needs at some point in time.
Long-term care is extremely expensive, and costs are rising year-by-year so it is not easy to simply pull out your checkbook and write a check if the need arises.
For a very significant percentage of senior citizens the solution is Medicaid, a government program that will pay for long-term care.
Because of the fact that there are upper resource limits it takes careful planning to obtain eligibility in a manner that is financially optimal for you and your family.
We have carefully crafted an informative report on elder law issues that explains what Medicaid planning entails.
If you are interested in obtaining access to this valuable report, which is yours free of charge as one of our readers, simply click this link and complete the form that you will see on the right:
We are passionate about educating people here in the community about elder law issues because those who go forward in an uninformed manner often find themselves facing significant difficulties late in their lives.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.