Avoiding Nursing Home Poverty: How to Protect Assets When Care Costs Rise скачать в хорошем качестве

Avoiding Nursing Home Poverty: How to Protect Assets When Care Costs Rise

Episode Summary: Discover how families can navigate the complexities of affording quality long-term care without depleting their savings. David Kimbro Stephens and Shane Cox delve into the misconceptions surrounding Medicare and Medicaid coverage for nursing home care, the financial strains families face, and the importance of proper planning to safeguard assets. Learn about Medicaid planning strategies, the role of Medicaid-compliant trusts, and how to protect assets even in times of crisis. Key Timestamps: 00:00 – Introduction 01:30 – The shock of long-term care costs and the pressure on families 03:45 – Differentiating between Medicare and Medicaid coverage 06:20 – Financial strains and the importance of proper planning 09:10 – Planning ahead for long-term care costs 12:00 – Protecting assets using Medicaid-compliant trusts 15:30 – Spousal asset protection under Arkansas law 18:45 – Explaining the difference between reckless transfers and smart asset protection 22:15 – The role of Medicaid-compliant trusts in asset protection 25:00 – Saving assets even in times of crisis 27:45 – Message to Arkansas families on long-term care and financial protection About the Show: Jurist Law Podcast delves into the intricacies of long-term care, asset protection, and estate planning. David Kimbro Stephens and Shane Cox, legal experts at Jurist Law Group, bring their wealth of knowledge in healthcare and elder law to guide families through preserving assets while ensuring quality care for their loved ones. #LongTermCare #AssetProtection #MedicaidPlanning #EstatePlanning #juristLawPodcast