Common Confusion About Asset Protection & Long-term Care

As people age, it is common for one spouse or another to need long-term care. For many couples, the healthier one often feels trapped, as they think they can’t retire and the only reason they continue to work is to pay for their spouse’s care.

It is common for people in this situation to feel unsure about alternatives… many are confused about asset protection, and fear that they might be in danger of losing their home.

While every situation is different, there are a variety of instances in which it is possible for the healthier spouse to retire without risking the loss of their home and other assets, and without compromising their spouse’s care. It is sometimes possible to transfer assets between spouses, even
though one of them is in a nursing home.

If you or a family member are in a similar situation, it might be a good time to consult a trusted advisor to determine the best course of action.

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