Author Law Office of Glenn A. DeigPosted on Categories Asset Protection, Estate Planning, Planning, Power of Attorney, Trust & Wills Obviously, this is a reference to Don McClean’s famous song “American Pie” of several famous musicians’ deaths from a plane crash in 1959.
Arguably, in the past 2 years, we have lost the most music icons in modern history. George Michael, David Bowie, Glenn Frey, Prince, Merle Haggard, Leonard Cohen, and Glen Campbell were hugely popular and influential performers who have recently passed away.… Read More »
This is the most common statement I hear in my law practice; then secondly, “what does a simple Will cost?” The reason I can never immediately “quote” a price is because of the many questions that must be answered, such as:
Can you tell me about your yourself? Current health? Family? Marriages? Children? … Read More »
Long term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.
A number of considerations go into how much long term care insurance that you should buy. The average cost of a room in a nursing home is $70,000 per year and the average monthly base rate in an assisted-living facility in Indiana is $3,693. Home care costs can vary.
To begin my series on advanced Medicaid planning strategies, I would like to address a question that I am often asked: How can I protect my assets if I’m not likely to enter a nursing home within the next 5 years?
* The following is a discussion on the protection of non-real estate assets. To learn about advanced Medicaid planning strategies to protect your home and other real estate, please view my blog titled, “Medicaid Advanced Planning Series: Protection of the Home and Other Real Estate”.
While there are strategies to protect the home of those who are entering, or already in a nursing home, the focus of this article is on advanced Medicaid planning: for those who will not be needing nursing home care within the next 5 years. I will discuss crisis Medicaid planning techniques in a future series of articles.… Read More »
