What Is Nursing Home Asset Protection?

If you are planning ahead for your retirement years and the twilight years that will follow, you should certainly consider the matter of nursing home asset protection. Nursing homes are extremely expensive around the country, but here in Connecticut, the costs are particularly high. You are looking at an annual expense of well over $100,000, and people often require multiple years of care. It can be hard to imagine a time when you will not be able to handle your activities of daily living. This is understandable, especially if you have taken good care of yourself throughout your life. However, according to the United States Department of Health and Human Services, seven out of every 10 seniors will someday need living assistance. Plus, if you are in good health, healthy people will typically live longer lives. As you reach an advanced age, it becomes more and more likely that you need long-term care. Nursing Home Asset Protection When you digest all of the information above, you can s
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