Long-term care planning can be a daunting and complicated process. Fortunately, our team at Senior Care Counsel is here to help you learn about your options and take the necessary steps to protect your life savings and get the care you need. Here are three of the most important things to remember as you embark on your long-term care planning journey.
Are you worried about the costs associated with developing a long-term care plan? If so, it’s important to remember that the cost of NOT planning for your care far outweighs the cost of putting effective plans in place. With the cost of a nursing home ranging from $7,000 to $10,000 per month (or MORE), you risk losing your hard-earned assets in a matter of months, leaving you and your loved ones with nothing. On the other hand, when you plan for your long-term care, you’re spending a small fraction of your life’s work to protect the rest of it. And we promise you it’s worth it!
Long-term care planning is not a one-size-fits-all arrangement. The solution that will work best for you depends on your unique situation. Working with a professional allows you to discover which option will yield the best results for you and your loved ones. For example, when planning ahead for long-term care, your options may include purchasing a Long-Term Care Insurance policy, funding an irrevocable trust, or gifting a portion of your assets to your loved ones.
These three options are just the beginning. Make sure you learn about all your available options in order to determine which one is right for you. The best part? You’re in a great spot to begin this journey.
Here at Senior Care Counsel, we provide FREE educational resources designed to guide you through the long-term care planning process. After you answer just a few simple questions, we will send you our FREE planning guide as well as a cost savings estimate, showing how much you could save each month with a proper care plan in place. You can also gain exclusive access to our video library full of comprehensive information on a variety of long-term care planning topics.
This guide takes a deep dive into the landscape of long-term care and how to pay for it without going broke, including the answers to your top questions surrounding Medicaid.GET MY COPY