Should Your Children Pay for Your Health Care?
It’s not news that nursing-care is costing an arm and a leg for Americans and a crisis is looming. Costs can run, on average, over $10,000.00 per month in California. Hundreds of thousands of people presently need that kind of care and the numbers are rising. Ten thousand “baby boomers” a day turn 65, and it’s projected that seven of ten of those people will need long-term care. By astute Long-Term Care estate planning, Botti & Morison Estate Planning Attorneys, Ltd., reduces or eliminates the impact of such phenomenal costs on many families’ life savings. But many others who are ... Read More
Things To Watch For Before Signing That Nursing-Home Contract
Suppose you have a loved one that can no longer make decisions for themselves, and they now need nursing-home care. You are stressed and anxious. The nursing home puts a sixty-page, single-spaced contract in front of you. You wish you could flip straight to the last page and sign then and there, just to get it over with. Do not do this. You could be agreeing to pay, out of your own pocket, many thousands of dollars for your mother’s care by unwittingly executing a "personal guarantee". Try to get your mother admitted, and then, before you sign the contract, ... Read More
Common Medi-Cal Planning Mistakes to Avoid
Due to a growing aging population, more Americans are finding themselves or their loved ones in need of nursing home care. Often, nursing home care is absolutely necessary, but this doesn’t make it any less expensive and many find themselves depleting their life savings paying for care they need. However, there are ways to avoid spending your life savings and still getting the care you need. One of those ways is through Medi-Cal, and with proper planning this program can provide much needed relief during a time when all you should be worried about is the care received. Below are ... Read More
