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Originally Posted by kerry edwards
Having recently dealt with nursing home choices for my father in law and having friends whose dad is trying to get rid of his assets as he approaches the need for nursing home care, I'm giving some thought to long term care insurance. My retirement association offers it. Anyone here bought any? Anyone know the ins and outs of the choices?
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Kerry- I am sorry you have to go through this and to let you know it's a good idea to check with an attorney on disbursing assets, there is something funky in a few states about a time frame involved for getting rid of said assets before he goes into a facility also, make sure one of you is assigned as "durable" power of attorney not just power of attorney. starting age for long term insurance is at age 55 you can actually contact the company that handles your home owners insurance and or car insurance for more info. hope this helps.