Nearly half of the people who reach the age of 65 will have to spend some time in a nursing home. Without proper planning, the expenses from living in a nursing home may eventually reduce or possibly destroy a lifetime’s accumulation of hard-earned assets. While receiving care in a nursing home persons may fall subject to what is called the “Spend Down Rule.” This rule may require individuals to consume their assets until all they have left is $3,000, which could cause loved ones to be disinherited.

At Estate Crafters, we can assist you in planning appropriately for the future to ensure that you will be able to share your estate with your children, grandchildren and loved ones.  Our Nursing Home Plan is one tool from a suite of plans that can help protect your assets from costly nursing home expenses.