How to Protect Your Assets from Nursing Homes
How to protect your assets from nursing homes before it’s too late. Unfortunately, most seniors take on the nearly 100% of the cost of long-term care due to poor planning. As we said in other posts, Medicaid does not pay for these expenses unless you are income eligible. As a result, many seniors find themselves forced to sell their homes, cash in on investments, or borrow money from family members to pay for these expenses. These expenses create financial wounds for the next