Over 40% of American’s will need to spend time in a nursing home at some point of their lives. Rhode Island has the 8th highest nursing home costs in the nation at an average cost of $248 a day with yearly costs approaching $100,000. Many people lose everything to the nursing home. However, proper planning has the potential to save your home and other assets from the nursing home.
At the Law Office of Joseph Tudino, we can help you with all of your long-term health care needs whether it be medicaid planning, long-term in-home care planning, or any other type of plan you would like to customize. We can help you come up with a plan they gives you the comfortable care you need while also protecting your assets. Popular planning tools include irrevocable trusts, deeds reserving life estates, and long-term health care insurance.