5 Myths of Protecting Your Assets from Nursing Home Spend Down
Learn more about important factors to consider when moving into a nursing home.
We can help you navigate the complex world of nursing homes, assisted living and in-home care.
If you or a loved one is considering moving to a nursing home, it is important to develop a strategy for preserving and protecting your assets. We can help you through this transition, from start to finish. We are a great resource for families trying to navigate through the complex world of nursing homes, assisted living and in-home care.
Simply fill out the form below and receive our complimentary guide, 5 Myths of Protecting Your Assets from Nursing Home Spend Down and a representative from Preferred Planning Services will reach out to answer any questions you may have. We offer a variety of services to help individuals needing specialized care, from independent and assisted living to rehabilitation, skilled nursing and memory care.
The informative guide covers five myths you might have read or heard about while you face this big life change.
- Myth 1: You can't protect assets after someone is in a nursing home.
- Myth 2: If you don't start planning at least five years before someone is in a nursing home, you can’t protect anything.
- Myth 3: The nursing home will take your home.
- Myth 4: Gifts under $15,000 per person per year are taxable to your children or grandchildren.
- Myth 5: If your spouse goes into a nursing home your IRA or 401(k) is protected from spend down.
Download This Complimentary Guide Now!
At Preferred Planning Services, we pride ourselves on being a great resource for families trying to navigate through the complex world of nursing homes, assisted living and in-home care. If you or a loved one has health concerns, been diagnosed with dementia, Alzheimer’s or another debilitating illness, we can help. Our knowledgeable, seasoned team makes it a priority to get you the information you need to move forward in life with confidence. Our team approach to effective retirement planning ensures you and your family are properly protected. Being knowledgeable with more than 30 years in the industry, Preferred Planning Services’ goal is to help families find direction. Our multitude of services work for all seniors, from those needing independent and assisted living to rehabilitation, skilled nursing and memory care. Whatever your needs, they’ll be well taken care of here.
As a client, you are always our priority. We can help navigate your options and develop a strategy to help protect your assets. Call 614-855-5700 today and let’s start the conversation.
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By providing your information, you give consent to be contacted about the possible sale of an insurance or annuity product. Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Federal and State Medicaid laws are complex and subject to frequent changes; we recommend you consult with a qualified attorney who is knowledgeable about the relevant laws in your State in order to determine what an appropriate strategy is for you.