Protecting money from the cost of long term care costs is definitely doable. There are a lot of strategies available to help you achieve that goal. However, there are also a lot of traps and pitfalls that can result in difficult financial situations.
A big trap for many people is thinking that money in a joint account is protected from the cost of their loved one’s long term care. This strategy works sometimes. But not as much as you might think. Listen to this episode to learn more about this issue so you can work to avoid really big potential problems.
I hope this information is helpful and points you in the right direction.
Talk to you soon.