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Dec. 14, 2020
The Truth about Medicaid Rules and Long-Term Care Costs at Noah Webster Library on January 5, 2021 Long-term care is necessary for a lot of people. But long-term care in Connecticut is expensive. VERY expensive.
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You ve likely heard horror stories of people losing their houses to pay for care. Or about nursing home costs being over $13,000 per month. What s worse is the misinformed advice that is often heard through the proverbial grapevine:
It s OK to give away $15,000 per year
If your money is in a trust, it s safe
You can just give your house to your kids
These statements aren t necessarily true! Long-term care planning MUST be done the right way. If it s not, your assets might be at risk. ....

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