Legally Shelter Your Important Assets
Nursing homes are a valuable care option for elderly and disabled individuals, however, the steep cost of a typical nursing home stay can be difficult to handle. Genworth Financial in conjunction with CareScout conducted a cost of care survey in 2017. According to the survey the median annual cost of a private room at a nursing home in Utah is $83,580.00 ($6,965.00 per month). We can help you understand what types of trusts and legal measures you can take in order to protect your assets from being absorbed by nursing home care costs or by Medicaid and VA benefits limitations.
Protecting Assets from Nursing Homes
Learn how to protect your assets while still qualifying for long-term care.
Life Care Planning
The goal of life care planning is to meet the challenges caused by illness or disability and provide a high-quality of life of elders.
Learn more about what is required from the state of Utah if you are applying for Medicaid long-term care services.
VA Benefits Planning
If you meet financial & medical criteria, as a Veteran or Veteran's spouse you could be entitled to a monthly cash benefit and long-term care.
Asset Protection Planning
Keep your money and property safe from creditors, lawsuits or others who may try to take advantage of you via the legal system.