Long Term Care Planning (ALTCS/Medicaid)
The purpose of long term care planning is to protect your spouse and your children from the devastating cost of your long term care. Of all the costs that may happen when you can no longer take care of yourself, the cost of a care home is the highest. Probate is usually relatively minor, conservatorship is substantially more, but long term care is much more. Long term care is the cost that can drain your life savings.
Long term care planning is a very complicated area of the law. You may want to read Mr. Lincoln’s articles on the subject. Just click on “Articles” at the top right of any page of this website.
You should consider purchasing long term care insurance to avoid having to deal with the Arizona Long Term Care System (Medicaid). You should not, however, go ahead and sign up for long term care insurance without consulting with Mr. Lincoln first.
Who: A list of names, addresses, and telephone numbers for:
Income: A list of the person’s, and of any spouse’s income
When the first time was that the person was in a hospital, rehabilitation facility, care home, or any combination of those, for 30 continuous days.
Health of the spouse
Transfers: A list of any gifts made in the last five years
Instead: Call us and we will send you a questionnaire you can fill out that will include most of the information we will need to help you.
"The honor of a country depends much more on removing its faults than on boasting of its qualities."
– Giuseppe Mazzini