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            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

            IRAs, or any retirement accounts really, have always been a problem when it comes to long term care.  They are a great vehicle for accumulating wealth.  You can put away savings in an account which will earn interest on a tax deferred basis.  No income tax is paid on

            Last week I was telling you about George’s problem.  He had transferred his home to a trust to protect it but then received a letter from the bank referring to something called the due on transfer clause.             A transfer of title without permission could trigger the bank’s entitlement to

                George called me because his wife, Mary wasn’t doing well.  She has dementia and he is facing the prospect of needing long term care for her, possibly in a nursing home, although he would like to do everything possible to keep her at home.                 As the conversation always does,

            Just before the Christmas holiday break, Congress passed, and then President Obama signed into law, the Achieving a Better Life Experience Act (“the ABLE” Act).  The ABLE Act allows people with disabilities to open special accounts, similar to 529 college savings plans.              The interest