Stratton & Reynolds July 2018

Road trip season is in full swing, which means you’ll soon pile the whole family into the car, ready to brave the road for a vacation. Everyone knows that riding in the car for hours can be torture. But with a little creativity, you can turn the worst part of a long trip into a fun event. Road Trips Don’t Have to B Try Games, Audiobooks, and Pod

PACK A TRAVEL GAME When the excitement of the family vacation starts to wear off, keep the peace and entertain your kids with a travel game. Many board game manufacturers offer travel-sized versions that are easy to pack and play in the car. Before your next road trip, consider purchasing digital Yahtzee, which packs all the fun of the classic game without the dice, or IQ Fit, a logic game with over 100 challenges. Both games cost around $10 and can provide hours of entertainment.

INCLUDE THE WHOLE FAMILY Once the travel games no longer pique anyone’s interest, try an activity that can be fun for the whole family: a traditional road trip game. If you have a car full of storytellers, try “Fortunately, Unfortunately.” The rules are simple. The first person starts by saying, “fortunately,” and mentioning something good about the road trip or the destination. The next person (moving clockwise) then follows by saying something “unfortunate” about the previous person’s statement.

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Aid and Attendance program — your home is an “exempt” resource, which means it is not counted in your total assets when determining your eligibility for these benefits. By selling your home, you are converting this “exempt” asset into cash. Cash is almost always a “countable” resource, which must be almost completely spent before you can qualify for these benefits. We hate having to tell people who come to us to discuss long-term care options that because they sold their parents’ house a year or two ago, they have to spend almost all of the proceeds from the sale of the home so that their parents will be eligible for benefits planning. There are still options for planning in that situation, but often the family has lost tens of thousands of dollars because they did not consult with an attorney before selling the home.

If you or someone you love is considering long-term care planning in the near future, give us a call. We’ll discuss the best strategy for you before you start liquidating the assets. With good planning, you can likely preserve many more assets than you thought you could, while also qualifying for benefits that will pay for a significant portion of the long-term care costs. As with any major life decision, it’s important to weigh all the options before coming to a final conclusion. We totally understand that you want to provide the best possible care for your loved ones, but the smartest way to go about that isn’t always to convert assets into cash. Let us guide you through the process so that care for your loved ones doesn’t come with a price tag that will leave you in ruins.

–TC and Chasity

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