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  >  New Jersey Long term care planning (Page 8)

            It’s a comment we get frequently when someone calls our office just after getting sticker shock at the cost of their loved one’s long term care. Some get angry upon hearing that, if they have assets but no long term care insurance coverage, they’ll need to use their own

            Last week I was explaining the problem with IRAs and long term care.  If you need care at $125,000 per year or more but want to protect your IRA, what are your options?  It’s always easiest to illustrate by way of an example.             Bill has an IRA worth $1.2

            Last week I was telling you about using your own money, what we call legacy assets, to self-insure for long term care.  This week I’ll walk you through an example of how that can work.             Mary is 73 years old.  She has high blood pressure, for which she takes

            To follow up on the same topic of the past two weeks, transferring the home, recently we received a call from George regarding the transfer of his home to a trust.  He received a letter from the bank holding his mortgage, stating something about the due on transfer clause.            

                About a month ago, my parents’ health took a sudden turn and it led me down the path that many of our clients and their families face, tackling long term care.   In our case, it was an accident outside their home.  My mom broke her leg.  My dad suffered