Watching a lifetime of hard-earned savings disappear to nursing home costs is a fear many families face. The reality is that long-term care expenses can wipe out your nest egg faster than you expect, leaving little for your spouse or children. The good news is you can...
Nursing Home Planning
Three common pitfalls when thinking about long-term care
Believe it or not, there’s a very real possibility that you’ll need long-term care at some point in your life. In fact, some studies show that nearly 70% of individuals aged 65 and older will need some type of long-term care in the future. The costs associated with...
Four key steps in planning for potential nursing home care
While no one wants to think about the implications of needing long-term care, it’s important that you plan for it. Otherwise, you and your family could be left scrambling to figure out how to pay for your care, which can erode the wealth you’ve accumulated and...
Why start long-term care planning in your 30s and 40s?
In your 30s or 40s, you are likely juggling a career, a family and perhaps even care for aging parents. With all these responsibilities, long-term care planning for yourself might seem like a distant concern. However, it is during these years that the importance of...
What are some signs it is time for a nursing home?
Deciding to place a loved one in a nursing home is often one of the most difficult decisions a person will ever have to make. Not everyone needs nursing home care and many elderly Massachusetts residents value their independence and do not want to live in a nursing...
How to talk to your parent about nursing home care
As our parents age, we tend to grow concerned about their well-being. Their physical and cognitive abilities might decline, rendering it difficult for them to take care of themselves, or they might be completely socially isolated. A nursing home stay might provide...
Watch out for these mistakes when choosing a nursing home
As we age, our chances of needing some sort of long-term care increases. Yet far too many people turn a blind eye to this potentiality, which could be a costly mistake. If you want to avoid losing significant assets to your long-term care provider and putting your...
Four ways loved ones are hurt when you don’t plan for long-term care
If you’re like most Massachusetts residents, nursing home planning is crucial in order to have resources you will need to pay for your long-term care one day. The majority of older individuals end up requiring some sort of long-term care. If you don’t adequately plan,...
When should the Medicaid planning process start?
Nursing home and other forms of long-term care are extremely costly. If you’re not careful in planning for how to pay for this care, then your estate can quickly erode, eating away at the wealth that’s taken you decades to build. This, in turn, can rob your loved ones...
If I’ve waited to plan for long-term care, do I still have options?
It is always ideal when Massachusetts residents can plan for a nursing home stay years in advance of their needing long-term care. Early long-term planning frees people to explore all available legal options and improves their chances of accomplishing their...