Thu, 9 October 2014
The keys to protecting and preserving your assets when faced with long term care expenses is to know the rules, use them to your advantage and do those things that are allowed.
Here’s one area to know: Prepositioning
Couples planning often uses prepositioning to achieve benefits for the person in need while preserving assets for the healthy spouse. This can include things such as:
Also, having the right tools is essential:
Children also need to be actively involved in the process:
Without knowing the rules, poor planning can result in complete liquidation of the marital estate. Experts can not only guide you in the rules but often assist in the process as well.
For more information contact Charles “Mike” Dyer at (602) 254-6008 or visit http://www.dyerferris.com/