Continuing Care Retirement Communities
Introduction Continuing Care Retirement Communities (CCRCs) are an excellent alternative for long term care for the middle and upper middle income population. These facilities offer residents an active lifestyle with many friends and plenty of activities. In fact, most people enter CCRCs close to their home and know a certain number of residents upon admission….
Reverse Mortgages – Are They Good For Your Clients?
Reverse mortgages are increasing in popularity. These instruments can be a very useful tool for some people if properly used, but can actually be harmful in certain situations. What is a Reverse Mortgage? A reverse mortgage is a device where the borrower taps into the equity of their home and borrows money without the need…
Designing A High Quality Affordable System OF Long Term Care
Long-term care is a problem affecting all economic strata. Financing long-term care is uniquely a middle class problem. It is not just a problem for the elderly; it is an inter-generational issue. One-third of all Americans receiving long-term care are under 65. The elderly receiving long-term care are the parents of children of middle age…
Transfer of Assets to Disabled Children
The current federal Medicaid statute has been in effect since 1989.[1] Generally, the statute provides that if an individual makes an uncompensated transfer of resources, the value of those resources are divided by the average monthly cost of a nursing home and the resulting quotient is the number of months during which the applicant will…