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Further, if you have specific desires related to giving to your religious organization, share this with beliefs. beliefs. If you want your end-of-life care to align with your religious beliefs, be sure your wishes are properly beliefs.

While most baby boomers in their 60s are healthy, many Americans will have health issues when they reach their 70s. With sicknesses like cancer and Alzheimer’s disease striking later in life, most Americans will require long-term care at some point. Motley Fool’s recent article, “5 Long-Term Care Myths Debunked,” looks at some common myths about long-term care to help you better prepare for that eventuality. No. 1: I won’t need long-term care. Yes, you probably will. Because life-altering conditions typically happen later in life, many people in their 60s underestimate the likelihood that they might need a long-term care health insurance policy. The U.S. Department of Health and Human Services says that 70% of people turning 65 this year will require long-term care in the future. No. 2: Insurance will cover long-term care. Private insurance and Medicare may cover skilled nursing, short-term care, and medically necessary care, but they won’t cover custodial or personal care services. These types of services make up a big chunk of long-term care expenses. While a Medigap plan will pick up many of the costs for services that aren’t covered by Medicare, it also does not cover long-term care costs. Private insurance and Medicare won’t pay for assisted living, continuing care in retirement communities, or adult day services. The costs of the care they will cover are frequently limited to specific situations and to a short period of time. Medicaid will cover long-term care, but qualifying can be challenging for many retirees and guidelines for eligibility vary in each state. No. 3: My savings will cover my long-term care. Not likely. The average person enters retirement with a median $131,000 in retirement savings. That’s not enough to pay for long-term care with the average assisted living facility costing more than $43,000 a year and the average nursing home costs running more than $82,000 per year for a semi-private room. No. 4: Medicaid can’t touch my home. Not necessarily. If you qualify for Medicaid and it pays for long-term care, federal law mandates that states recoup the money spent by Medicaid on your behalf from your estate after you pass. Most states’ probate laws include real and personal property, such as a home, in the estate. Medicaid won’t make your spouse sell your home after you die, but it may put a lien on your house in the amount of your costs after your spouse dies. No. 5: There’s not much I can do to plan ahead. Think again. Staying healthy as long as you can is a great strategy for reducing long-term care expenses. You can also take other steps to minimize the impact of long-term care expenses on your estate. Purchase a long-term care insurance policy. Consider combining life and long-term care insurance policies, which offer death benefits to survivors and some form of insurance protection against long-term care costs. Your state may also allow other options to protect your home. Depending on your situation, trusts and asset transfers may be useful, especially if implemented before the five-year look-back period of Medicaid to determine program eligibility. Discuss your options with an elder law attorney. Reference: Motley Fool (May 20, 2016) “5 Long-Term Care Myths Debunked” #ElderLaw #LongTermCarePlanning #Medicaid #PayingforaNursingHome

An estate plan should also have provisions for passing your values to your heirs, like your religious beliefs and philosophies on the importance of education and a work ethic.

What they did find was a military uniform, lots of religious books, and a file cabinet full of financial He claims they frequently discussed Brown’s religious views — he was a devout Catholic. fact, tucked into the file cabinet with all the financial information was a brochure from Catholic Relief Brown have preferred to leave his fortune to Catholic Relief Services?

If they are unable to follow through with your wishes because of their own personal beliefs, they may

families find and apply for government assistance, and shepherd them through the appeals process if they believe child with special needs reaches adulthood, we help families navigate the guardianship process if they believe

An Ethical Will An ethical will is a document that allows you to pass down your values, beliefs, and

“I do not know of the existence of a will and have no reason to believe that the Decedent executed testamentary

Hard to believe, but delaying your Social Security benefits as long as possible is the best thing for

She believed when it wasn’t mechanically possible to eat by herself then she wanted to let nature take

They believe by doing so, their child will have immediate access to the money rather than having to deal

wrong” characteristics for a guardian, and as your children get older, their needs may cause you to believe