Protect Accumulated Assets and Inheritances From the Costs of Long-Term Care

Protect Accumulated Assets and Inheritances From the Costs of Long-Term Care

Workable solutions to enable Medicaid benefits to become available

For the typical married clients, the costs of long-term care (LTC) can easily destroy any economic protection from accumulated assets of the couple on the admission of an ill spouse into an LTC facility, leaving the well spouse destitute. Likewise, inherited funds from a deceased spouse can quickly disappear if the survivor needs LTC.

Here’s four examples of what LTC can cost annually in 2016 for a semi-private room:1 Arizona, $75,555; Colorado, $83,220; Florida

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