The term “long-term care planning” is a term used to describe a wide-range of planning techniques used to protect a family’s assets in the event of a long-term nursing home stay. Some of these techniques may include the use of Durable Powers of Attorney, Irrevocable Trusts, Testamentary Trusts, asset transfers or long-term care insurance.
Assessment of a client’s assets, concerns and risk of needing long-term care
Providing customized recommendations for protecting a client’s assets
Preparation of any recommended documents
Preparation of MassHealth applications