About 70% of individuals over age 65 will require long-term care at some point in their life. As advances in healthcare continue to increase the average lifespan, this number is likely to increase. The cost of providing this care is approaching an average of $100,000 per year. Many people believe these costs are covered by private health insurance or Medicare, but, with a few exceptions, they are not.

There are many strategies that can be applied to help pay for long-term care. We work with clients to identify ways to pay for care, while preserving as much of their accumulated assets and income as possible, in order to maintain the planned legacy for one's spouse, children, and other family. Planning is most effective when done well in advance of the need, but crisis planning at the time of need will normally allow for significant asset preservation as well.