3560 Quakerbridge Road I Suite C (rear) I Hamilton, NJ 08619 I (609) 588-5353 I Toll Free (866) US Seniors
Info@DedicatedSeniorAdvisors.com
Info@DedicatedSeniorAdvisors.com
Long-Term Care Crisis / Asset Protection Planning
Our ELDERCARE FINANCIAL Plan
If you are dealing with a long-term care crisis for a spouse, an aging parent, a family member or a friend, the Eldercare Financial Plan will inform you as to how to pay for Home Health Care, Assisted Living or Nursing Home costs. It will do this in the most tax efficient, cost effective way possible. An integral part of the plan is a thorough assessment of government programs, such as Medicaid and benefits for qualified Veterans, to further reduce the out-of-pocket care expenses. We have developed a 4-step process to achieve this:
1) Clearly define your loved one's care needs and their associated costs.oals.
2) Identify and evaluate all sources of income, expenses, taxes, and cash flow, in addition to current versus optimal asset allocation, insurance protection gaps, relevant economic variables, and health/longevity risk exposure.
3) Analyze the data and collaborate with Eldercare Attorneys to create a comprehensive, compassionate, and affordable plan that takes advantage of government programs that are available.
4) Implement the financial aspect of the plan, regularly monitor how effectively it is meeting the needs of the patient, and project its long-term affordability and viability as the financial situation and health of the patient changes.
1) Clearly define your loved one's care needs and their associated costs.oals.
2) Identify and evaluate all sources of income, expenses, taxes, and cash flow, in addition to current versus optimal asset allocation, insurance protection gaps, relevant economic variables, and health/longevity risk exposure.
3) Analyze the data and collaborate with Eldercare Attorneys to create a comprehensive, compassionate, and affordable plan that takes advantage of government programs that are available.
4) Implement the financial aspect of the plan, regularly monitor how effectively it is meeting the needs of the patient, and project its long-term affordability and viability as the financial situation and health of the patient changes.
An Eldercare Financial Plan addresses your specific cost concerns for the care of loved ones, allowing you to focus on more important areas - such as providing comfort and emotional support to your family member at a time when it's needed the most. In many instances the main objective is to shift your role from primary care-giver to overseer of the care being provided by qualified professionals.