Amazines Free Article Archive
www.amazines.com - Friday, October 30, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133423)
 Advice (161147)
 Affiliate Programs (34755)
 Art and Culture (73741)
 Automotive (145656)
 Blogs (75204)
 Boating (9843)
 Books (17221)
 Buddhism (4128)
 Business (1328971)
 Business News (426375)
 Business Opportunities (366335)
 Camping (10967)
 Career (72752)
 Christianity (15848)
 Collecting (11638)
 Communication (115068)
 Computers (241945)
 Construction (38923)
 Consumer (49684)
 Cooking (17066)
 Copywriting (6639)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20418)
 Dating (45882)
 EBooks (19695)
 E-Commerce (48223)
 Education (185291)
 Electronics (83503)
 Email (6407)
 Entertainment (159838)
 Environment (28929)
 Ezine (3039)
 Ezine Publishing (5450)
 Ezine Sites (1550)
 Family & Parenting (110923)
 Fashion & Cosmetics (196425)
 Female Entrepreneurs (11845)
 Feng Shui (131)
 Finance & Investment (310448)
 Fitness (106330)
 Food & Beverages (62911)
 Free Web Resources (7939)
 Gambling (30221)
 Gardening (25144)
 Government (10530)
 Health (629693)
 Hinduism (2206)
 Hobbies (44054)
 Home Business (91576)
 Home Improvement (251126)
 Home Repair (46171)
 Humor (4834)
 Import - Export (5453)
 Insurance (45105)
 Interior Design (29582)
 International Property (3485)
 Internet (191001)
 Internet Marketing (146462)
 Investment (22838)
 Islam (1167)
 Judaism (1356)
 Law (80475)
 Link Popularity (4595)
 Manufacturing (20854)
 Marketing (98973)
 MLM (14136)
 Motivation (18219)
 Music (27012)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129629)
 Organizing (7803)
 Party Ideas (11852)
 Pets (38068)
 Poetry (2234)
 Press Release (12682)
 Public Speaking (5635)
 Publishing (7527)
 Quotes (2407)
 Real Estate (126635)
 Recreation & Leisure (95388)
 Relationships (87667)
 Research (16165)
 Sales (80335)
 Science & Technology (110255)
 Search Engines (23486)
 Self Improvement (153217)
 Seniors (6236)
 Sexuality (35948)
 Small Business (49293)
 Software (83012)
 Spiritual (23475)
 Sports (116093)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307844)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11740)
 Website Design (56837)
 Website Promotion (36588)
 World News (1000+)
 Writing (35788)
Author Spotlight
ROBERT HOWARD

The Word of God is as, “Sweet as Honey”. God has Taken Me Through a Whole Lot of Things...more
PUSHPA SRIVASTAVA

Pushpa Srivastava is an SEO strategist that helps online business owners figure out how to grow thei...more
PAUL RICE

hello everyone l been on the net since 2000 and enjoy my work l work as an affiliate and also have w...more
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
CACEY TAYLOR

Im just a man who likes to be happy and see others happy. Im into home business, sports, family, and...more


The Long Run: Asset Protection for Long-Term Care by Peggy Hoyt





Article Author Biography
The Long Run: Asset Protection for Long-Term Care by
Article Posted: 11/17/2013
Article Views: 201
Articles Written: 3
Word Count: 559
Article Votes: 0
AddThis Social Bookmark Button

The Long Run: Asset Protection for Long-Term Care


 
Law
As a nation, we are getting older. The so-called 'baby boomer' generation is turning 65 at a rate of 10,000 a day. And what many of them are discovering is that they are woefully unprepared for growing old in modern America, especially if they become ill and require what is known as "long-term care" in a nursing home or other facility without (or sometimes even with) the benefit of Long-Term Care Insurance - insurance that must be purchased early, when an individual is healthy and insurable. If a person waits too long or until they "need it", it may be unaffordable or they may not be able to meet the underwriting requirements.

Consider the Long-Term Expense

The cost of long-term care is nothing to sneeze at. Medicare is notoriously stingy with long-term care, covering, at most, only 100 days and not all of that at 100%. Today, in Florida, the median cost of a nursing home is about $250 per day - which works out to over $90,000 a year - and it is increasing at a rate of 5% each year. That means in just five years the annual cost of a nursing home will be approximately $115,000! Even if you are in a position to afford such an expense, it can quickly wipe out even substantial estates that might have been intended to benefit children, grandchildren or charities. Medicaid may be an alternative source or long term care funding but there are significant income and resource requirements that must be met. And, Medicaid funding is not unlimited - States are making eligibility more difficult as federal funding for the program is constantly under scrutiny and will likely be unable to keep up with demand.

The Key to Long-Term Planning

Fortunately, there are some long term care asset protection strategies that can insulate assets without having to resort to "spending it all." The key is early action: Most elder law planning solutions for long-term care need to be firmly established long before the need for nursing home care and especially before a person's mental capacity is diminished. The main take-away to keep in mind is that the longer estate and elder law planning are delayed, the more likely a senior's assets may be wiped out completely or - even worse - that children will bear the responsibility for the long term care expenses for parents. Already, the "sandwich generation" - children with elderly parents that require care, while still caring for children at home - is feeling the stress of making good long term care decisions with and for their parents, without sacrificing their own retirement or the education of the children.

With a little foresight, strategies exist and estates can be effectively protected without sacrificing care and comfort in our old age. Contacting a board certified elder law attorney sooner rather than later is the best way to create comprehensive strategies for the protection of hard-earned family assets.

The Law Offices of Hoyt & Bryan, LLC is the only Florida law firm with two attorneys board certified in wills, trusts and estates and elder law. Peggy R. Hoyt is a Florida Circuit Court mediator and in that capacity her primary focus is resolving family business and estate matters. If you need legal assistance regarding estate planning, please call Ms. Hoyt at 407-977-8080 or visit http://HoytBryan.com

Related Articles - Florida Estate Planning, Florida law firm, Florida attorneys, Florida Mediator, Florida Long-term care, Florida family law, Florida probate, Florida Elder La,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more
JASON NG

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license