Making a Plan for Continued Care

Cynthia (61) and Sebastian (66) are facing dual diagnoses. He has been diagnosed with early to mid-stage Alzheimer’s disease, while Cynthia suffers from the debilitating effects of chronic auto immune disease. She was referred to Team West by her attorney.

What if Something Happens to Me?

Cynthia’s biggest fear was around what would happen to Sebastian, who would take care of him, and where he would live, if her health declined. They lived in the suburbs, and have children in their early 20’s. Their most hopeful outcome for a Lifecare Affordability Plan™ (LCAP) would be to stay together in their family home and not have to put Sebastian in a care facility.

Cynthia was a financially savvy investor who had accrued a large investment portfolio account with a bank, her former employer. When we first met, we learned that she had smartly taken advantage of medical deductions and pulled money from Sebastian’s IRA to cover money spent on care. She also had worked with her attorney early on to establish an irrevocable trust, to prevent those funds from being jeopardized if the couple eventually needed Medicaid. Cynthia arrived at Team West ready to talk about Medicaid planning, but the conversation expanded to LCAP.

Click here to read the full case study.

Leave a Comment

Your email address will not be published. Required fields are marked *