Asset Preservation and Long-Term Care
Are you ready for the expense of long-term care?
The Heltzel Kalloz Financial Advisory Group has a vast knowledge of helping seniors and their families plan for their Long-Term Care needs. Often as we age, our medical or long-term care expenses increase. If this is not planned for, you may see a significant depletion of assets. Our team works with local estate attorneys to give you the education you need to avoid losing your life savings.
Trusts
-Are provided by Elder Law Attorneys that we work closely with, at affordable cost for our clients.
-These trusts help shelter wealth from look-back periods, can assist in qualifying for Veterans Administration (VA) programs, avoid the worry of probate, and more.
VA Benefits
-Help pay for nursing home and assisted living costs
Medicaid Compliant Single Premium Immediate Annuities (SPIA)s
-This type of SPIA can provide financial protection for the common spouse if the Husband/Wife is in extensive care
It must have the following parameters:
-Irrevocable
-Non-assignable
-Actuarially sound
-Designate the state medicaid agency as the beneficiary
-Provide for equal payments with no deferred or balloon payments
-Please consult Elder Law Attorney before proceeding.
We can assist you and your family with long-term care planning and protect your tomorrow by making these important decisions today!
2017 Social Security Fact Sheet
Click here to learn more about our long-term care planning services or to schedule an appointment. We look forward to helping you with your family's long-term care needs.