Financial Planning for Senior Living
We understand that everyone has unique circumstances that help determine how they can best fund senior living for themselves or their loved ones. In the past, people have relied on the sale of a home or traditional savings to afford senior living. But today, a variety of financial options are available through a number of sources offering more flexibility and access to resources when it is most needed.
Veterans who served during wartime and their spouses may be eligible to receive benefits toward the cost of assisted living, in-home health care, or other non-reimbursed medical care through the "Aid and Attendance" Program. For more information, please contact your Veterans Regional Office.
Costs related to senior living may be tax deductible for both the resident and the family caregiver if the Internal Revenue Service requirements are met. Visit http://www.irs.gov, and particularly http://www.irs.gov/pub/irs-pdf/p502.pdf for more information on this potential benefit.
Contact us today to speak to one of our advisors.