» Long-Term Care Planning

Protecting the House

How do I protect my home from the State? When applying for the Maine Medicaid (MaineCare) benefit that pays for long-term care services, the applicant’s primary residence does not count towards the $10,000 asset limit in most circumstances. This me… Read More
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The Family Camp

As summer kicks into high gear, many Mainers are spending more time at the family camp. Whether you call it a camp, cottage, or cabin, the place where your family comes together is special, and you might be thinking about what will happen to it in th… Read More
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FIFTEEN MYTHS REGARDING MEDICAID NURSING HOME BENEFITS IN MAINE

No one chooses to live in a nursing home, but some older Mainers eventually need care in a nursing home setting. For many, this means not only the loss of personal autonomy but also the depletion of assets to pay for the needed care. The median annua… Read More
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How Much Does Long-Term Care Cost?

The U.S. Department of Health and Human Services (HHS) estimates that 56% of individuals turning 65 in 2020 to 2024 will need long-term care services and supports.[i] The average need for these services range from 2.3 years for men to 3.2 years for w… Read More
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Asset Preservation for Married Couples Using Last Wills and Testaments

I. Introduction When people become chronically ill or disabled, they may need long-term care (LTC) services. Given the very high cost of LTC services, many people will apply for MaineCare (Maine Medicaid), which pays for some types of those services.… Read More
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Planning Ahead: Asset Protection Trusts

Why Plan Ahead for Long-Term Care? Long-term care services are “a combination of medical, nursing, custodial, social, and community services designed to help people who have disabilities or chronic care needs, including dementia. Services may be pr… Read More
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