Legal-Ease: Three pillars of nursing home planning

Long-term health care, LTC, can have a lot of uncertainty around its planning. Horror stories abound of people losing their life savings due to needing LTC, such as a nursing home.

Many aspects should be considered when planning for long-term health care, but three pillars compose the foundation. Each should be used at least five years in advance of needing LTC.

First, people can give away their assets five years before needing LTC. Second, for real estate, people can undertake a certain type of life estate, like a life lease. Finally, a specific type of trust can be useful in LTC planning.

The uncertainty associated with long-term health care (LTC) needs often couples with horror stories of people losing life savings due to needing LTC, like a nursing home.

Eligibility for institutional Medicaid is typically a goal for people who do not have LTC (nursing home) insurance or whose LTC insurance is not for unlimited, lifetime coverage (and almost no long-term care/nursing home insurance policies provide lifetime coverage).

Read more about the pillars of nursing home planning and being prepared for LTC in Lee’s article in the Lima News here: Legal-Ease: Three pillars of nursing home planning

Source:, “Legal-Ease: Three pillars of nursing home planning,” by Lee R. Schroeder, October 12, 2019

Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.

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