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The Crisis of Long-Term Care: Medicaid and Asset Protection Planning
Date
July 25, 2012
Nursing home costs routinely exceed $10,000 per month. Home care can be even more expensive. Estates are consumed on a daily basis, making this issue far more important than tax planning for older Americans. Boomers, 76 million strong, will overwhelm long-term care services and facilities as costs relentlessly rise. Long-term care insurance premiums are spiking. Medicaid remains the only viable alternative to asset exhaustion for the overwhelming majority of elders and disabled persons in need of long-term care. This session will explore planning alternatives, with a focus on asset protection and Medicaid eligibility. It will also address quality of care, tax, and related estate planning issues of concern and opportunity.
Speaker
Michael Gilfix, JD
Managing Partner, Gilfix and La Poll Associates, LLP
Specialties
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