DON’T LET A NURSING
2. Distribute your assets to friends and family. Giving loved ones their inheritance before you pass can keep it safe from predators and bring you joy and satisfaction. Just be sure to chat with an attorney about the most tax-savvy way to gift your assets. 3. Shift your income to your partner. If you end up in a nursing home before your spouse, transferring your income to them can protect it from outsiders. Each state protects a certain amount of spousal income from seizure. 4. Secure your assets in an irrevocable trust. A trust is very similar to a will, except that when you create a trust, you transfer ownership of your assets to it. Since you no longer own them, your nursing home won’t be able to seize them. 5. Protect your home with a life estate. A life estate can transfer the ownership of your property to a friend or family member but allow you to continue living there until you die or move. This is a great strategy to protect your home if you think it will be five years or more before you’ll need to move to a nursing facility. Our team at Merlino & Gonzalez specializes in real estate and elder planning, so we’re the perfect people to help you, your friends, and your family members protect your money in retirement. Share this article and our phone number (718-698-2200) with anyone considering moving to a nursing home one day. We’ll make sure their money stays safe!
HOME STEAL YOUR MONEY Use These Strategies to Protect Your Assets
Nursing homes can be wonderful places to live out your golden years, but they’re also notorious for stacking up fees and leaving senior citizens penniless. While you play shuffleboard and bridge in your 80s and 90s, the facility could drain your bank account!
Fortunately, you can take several steps to protect yourself from greedy administrators — and the best time to start is now, before you move in.
1. Invest in long-term care insurance. This insurance covers all your nursing home expenses if you become disabled, protecting your home from being seized to pay for care. It’s an effective tool for those who can afford it, although it only kicks in if you become disabled.
... CONTINUED FROM COVER
MICHELE’S RECIPE CORNER
SEAFOOD PASTA SALAD
I’m excited about all of these features and the site’s overall new look, but one of my favorite things about the upgrade is hidden under the “About” tab. If you open that tab and click “Our Team,” you’ll see every team member represented in their own watercolor portrait! I commissioned the portraits from artist Hodaya Louis through the website Upwork, and I think she did a fantastic job. Her work adds a creative, homey touch to the site, and it felt good to support a fellow small business by purchasing her work. All of the portraits came out great and can be seen on the “About - Our Team” tab of our website.
Inspired by TheSpruceEats.com
INGREDIENTS
• 1/2 cup chopped red peppers • 1/2 cup diced onions • 1/2 cup shredded carrots • 2 cups halved cherry tomatoes • 1/2 cup of Parmesan cheese (optional)
• 4 cups fusilli noodles • 2 cups crab meat or shrimp • 2 cups shredded cheddar cheese • 2 cups ranch dressing • 1 cup frozen peas, thawed • 1/2 cup chopped green peppers
I hope you enjoy browsing the new website as much as I do. If you haven’t checked it out yet, visit RealEstatePlanningLaw.com to see all the changes today!
DIRECTIONS
1. In a large pot, bring the fusilli noodles to a boil and cook until al dente, then drain. 2. In a large bowl, combine noodles, crab or shrimp, cheddar cheese, ranch dressing, peas, green and red peppers, onions, and carrots, then mix together gently. 3. Refrigerate the pasta salad for 3–4 hours. If salad is dry upon removing from refrigerator, add more ranch dressing. 4. Once you’re ready to eat, top salad with tomatoes and Parmesan cheese if desired.
3
718-698-2200
Made with FlippingBook Ebook Creator