It is very important to understand your loved ones care needs before they become a crisis for the care recipient, the care giver and
the rest of the family. Understanding the process of government programs will
also help in the care-giving decision-making.
Prior knowledge can help
prevent crisis planning and creating great stress for the well spouse and other family members. If your family does not have the money to privately pay for in home or assisted living care, option is Medi-CAL. Medi-CAL usually
has its program target spend the end of their years in a nursing home. Other
options are available, however, very limited with long waiting lists.
There are common funding options to help provide money for
care services, such as
Long-Term Care Insurance,
Life Settlements,
Reverse Mortgage,
Cashing Out Of a Principal Residence through
Sale or Buyback Arrangement,
Retirement Savings Account.
Here are some common asset-saving strategies can be
Medi-CAL Planning,
Rearranging Insurance Plan,
Private Home Care Arrangements,
Knowing the price of Communities that provide
care,
Purchasing good Long-Term Care insurance, Commitments from the family to share care and
Tax Advantage Strategies. It is important to talk with someone who can review your entire estate and ways to protect your estate.
Please call us for a free phone
consultation or appointment consultation to review your
individual situation and determine if you would benefit from our experience and
legal services.
What you do not know CAN hurt You!
For more information go to www.la-lawcenter.com or call us at:
Local Phone: (818) 241-4238 or
Toll Free Phone: (877) 537-8283
The LTC insurance is one of the great ways to prepare the future of your loved ones and secure their health and needs. However, before taking this option,you and your love ones must understand what are the policies that LTC and benefits that they can provide.
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