A power of attorney is an essential part of estate planning and long term care planning, the origin of which goes back centuries. In the state of Washington, the Revised Code of Washington (RCW) 11.94 provides some of the basic rules about powers of attorney. [Read more…]
If you are now responsible for your own or a loved one’s long term care, you might be feeling overwhelmed. What is home care compared to home health? Assisted Living Facility but with a “memory care unit?” Our firm can help. We emphasize long-term care planning, estate planning, veterans benefits planning, probate and more. We strive to help seniors plan for long term care and protect their assets against the high cost of long-term care and remain independent for as long as possible.
If you have spent any time looking into long-term care costs, you are probably shocked. [Read more…]
The biggest threat to your estate is not tax or probate. It is high long term care costs. According to the MetLife Survey on Long Term Care Costs published for 2012, the average cost of a private room in a nursing home in Washington State is $102,200 per year. The average costs statewide for an assisted living facility is $3,100 per month. In the Puget Sound, costs for skilled nursing can be as high as $130,000 – $140,000 per year. Many Assisted Living Facilities charge up to $6,000 per month.
Select the category that fits your situation the best: Pro-Active or Crisis Planning [Read more…]
Medicare won’t help.
Medicare is a national health insurance program for qualifying Americans over age 65. It has four parts, Parts A-D, and these parts do not cover long term care. The program that helps Americans pay for long term care is called Medicaid. [Read more…]
Preserve your assets and learn options for financing long-term care. Don’t miss out on the next FREE workshop on financing care and protecting your estate and family.
As heard on KOMO 1000 AM, Living Care Radio KVI 570 AM and Chat with Women KIXI 880 AM. [Read more…]
Imagine life as a hallway. You’ve been walking down it for so long that you have no idea where you started. Finally, you see ahead the end of the hall with two doors. One door is blue and the other is red.
The blue door represents proactive planning. This door invites people who recognize the frailty of human life, the high cost of care and the complexity of our society. It represents a path in which its travelers organize their affairs to protect their assets, themselves and their families before a crisis occurs. The blue door is long term care insurance, testamentary trusts for the benefit of a spouse, wealth replacement planning, powers of attorney and solid financial planning.