Why It was needed to have a long term care planning for Paulin
Pauline has been diagnosed with dementia. She wants to be able to pass something along to her children. She comes to Idaho Law Group for help.
Pauline’s Income – $1,800 per month
Pauline’s assets – $150,000
Pauline’s cost of Long Term Care – $8,300 per month
Arthur and Mary are married. Arthur has just been diagnosed with dementia. He wants to make sure Mary has all she needs when he is gone. They come to Idaho Law Group for help.
Arthur’s Income – $2,000 per month
Mary’s Income – $1,500 per month
Joint Assets – $300,000
Arthur’s cost of Long Term Care – $8,500 per month
Idaho Law Group helps Mary and Arthur create a plan where Mary gets to keep $125,000 of assets. An additional $157,000 of assets are turned into an income stream that will pay the $157,000 back to Mary in 36 months. Arthur is immediately qualified for Medicaid without paying the Long Term Care facility and without any Medicaid penalty period.
steps we took to resolve his issue
Pauline has been diagnosed with dementia. She wants to be able to pass something along to her children. She comes to Idaho Law Group for help.
Pauline’s Income – $1,800 per month
Pauline’s assets – $150,000
Pauline’s cost of Long Term Care – $8,300 per month
Benefits he got from our service
- Pauline has been diagnosed with dementia. She wants to be able to pass something along to her children. She comes to Idaho Law Group for help.
- Pauline’s Income – $1,800 per month
- Pauline’s assets – $150,000
- Pauline’s cost of Long Term Care – $8,300 per month
fee structure of his case
- Pauline has been diagnosed with dementia. She wants to be able to pass something along to her children. She comes to Idaho Law Group for help.
- Pauline’s Income – $1,800 per month
- Pauline’s assets – $150,000
- Pauline’s cost of Long Term Care – $8,300 per month
how long will this plan go?
Pauline has been diagnosed with dementia. She wants to be able to pass something along to her children. She comes to Idaho Law Group for help.
Pauline’s Income – $1,800 per month
Pauline’s assets – $150,000
Pauline’s cost of Long Term Care – $8,300 per month
Arthur and Mary are married. Arthur has just been diagnosed with dementia. He wants to make sure Mary has all she needs when he is gone. They come to Idaho Law Group for help.
Arthur’s Income – $2,000 per month
Mary’s Income – $1,500 per month
Joint Assets – $300,000
Arthur’s cost of Long Term Care – $8,500 per month
Idaho Law Group helps Mary and Arthur create a plan where Mary gets to keep $125,000 of assets. An additional $157,000 of assets are turned into an income stream that will pay the $157,000 back to Mary in 36 months. Arthur is immediately qualified for Medicaid without paying the Long Term Care facility and without any Medicaid penalty period.
