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...
Nursing Home Planning
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...
How am I going to pay for nursing home care?
This is a question that’s often asked, and one that needs to be contemplated by all given that most people are going to need nursing home care at some point in their lives. The question also leaves many individuals stressed given that nursing home care can cost more...
Long-term care planning after an Alzheimer’s diagnosis
Watching the onset of Alzheimer’s can be overwhelmingly sad and worrisome. However, the disease’s progression gives you and your loved ones the opportunity to effectively plan for the future. This includes crafting a strong estate plan that addresses asset...
Can my mother’s nursing home kick her out if she can’t pay?
Living in a nursing home can be a difficult transition for residents. They have been moved into an environment that is nothing like home, and if they have mental health or memory issues, they could be confused, try to leave the facility or even become agitated or...
Can I use Medicaid or Medicare to pay for nursing home care?
Some people can pay for nursing home care through private funds, but many do not have enough savings to afford nursing home care. Instead, they plan on relying on government benefits if eligible to pay for nursing home care. The government benefits available to pay...
Why you shouldn’t plan for long-term care on your own
As we’ve discussed previously on this blog, your potential need for long-term care is significant. Those who end up needing this care, including those who wind up being placed in a nursing home, can incur significant expenses, too. If you’re unprepared to address...
Avoiding mistakes when transferring assets for nursing home care
For people in Massachusetts who need to place a loved one in a nursing home for long-term care, money and retaining property is often a primary concern. While they want the best possible situation, they must still think about the financial ramifications. MassHealth...