Andy Dean, ThinkStockQ. Like most people, my largest asset is my home. If I am in a situation where my long term care insurance is exhausted and my other assets begin to be drawn down to pay for my care, is there a way to protect my home from being taken?— Protecting my assets
A. The fact that you purchased long-term care insurance shows you’ve done some planning for your older years.
That’s important, but it’s also important to periodically review and revise your plan as your circumstances change.
Now would be a good time to seek a consultation with an estate planning/elder care attorney to plan for your individual circumstances as well as have your will, general power of attorney, advance health care directive or other estate planning documents reviewed or prepared, said Catherine Romania, an estate planning attorney with Witman Stadtmauer in Florham Park.

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Medicaid and protecting your home – New Jersey 101.5 FM Radio