Protecting Assets From The Cost Of Nursing Home Care In Idaho - IdahoProbateLawVideos.com

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Nursing homes or other types of assisted living facilities can be very expensive. If you or your spouse have a need for such care it can quickly drain your retirement savings.

In this video Susan Graham, a Boise Probate Lawyer, gives an overview on How to Protect Your Assets From the Cost of Nursing Home Care.

Protect your assets with a multi level endeavor. First acquire large sums of money to pay for the care by yourself. For most people this is unrealistic.

Long term care insurance is a great way to protect your assets against nursing home expenses. If you have time we can put some of your assets into an irrevocable trust. You have to accomplish this 5 years prior to using Medicaid. When we create these trusts we wrap them up with razor wire so the beneficiary can use the money in the best way possible. We also make it possible for the money to supplement the cost of long term care or other necessary living expenses. It can even be used for a grandchild's education.

It is important to contact a competent attorney to work out the best plan for your situation.

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Category:

Education

Tags:

• estate planning
• idaho estate plan
• idaho lawyer
• protecting assets
• boise attorney
• probate law
• long term care
• insurance
• self insure
• revocable trust
• living trust
• medicaid