Geriatric Care – Crisis Management

Navigating Medicaid’s rules and regulations can be a confusing minefield of frustration and stress for many seniors and their families.

The application process is one of the biggest hurdles that families face, and with regulations varying by state and circumstances, it can be difficult to even know if you’re eligible.

Today’s seniors have worked their whole adult lives to save up their nest eggs.  Whether their retirement savings are large enough to carry them through depends on many factors, including their investment returns, the rate of inflation, how long they will live, and their health during their retirement.

Feliciano Geriatric Care specializes in working with your family attorney on asset protection planning as an important part of a comprehensive estate and financial plan addressing your risks now and in the future. Proper asset protection planning requires time, consideration and knowledge to fully integrate the planning holistically and effectively.

 

Preserving Assets and Transferring Assets to the Next Generation

Medicaid rules and regulations have become so complex it’s important to seek advice from a well-qualified firm with the knowledge, experience, and resources to guide you through the process.

Applied Knowledge is Power. It is critical for you to develop a plan to protect yourself, your loved ones and your assets from the catastrophic consequences of a long term care illness.  If you do not plan ahead, the burden of providing emotional, physical or financial assistance for your care will fall upon your loved ones.

One of the best things you can do right now for you and your family is get legal, financial and care plans in place. Doing so allows you to participate in making decisions and ensures your family won’t be forced to make them for you in a crisis situation.

We serve families seeking guidance in navigating the many facets of long-term care planning. Our geriatric care managers evaluate specific family situations and make recommendations that are in your loved one’s best interest. We also consult with industry operators wishing to gain efficiencies through the use of our experience and technology.

Geriatric care consultation is provided by Geriatric Care Solutions, which is not affiliated with Lion Street Financial Services, Inc.

Tyler Office  |  1828 East Southeast Loop 323, Suite 200, Tyler, TX 75701-8340  |  Mon-Fri: 8:00 AM - 5:00 PM  |  Sat-Sun: By Appointment

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by Advisor Launchpad to provide information on a topic that may be of interest. Advisor Launchpad is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Securities offered through Lion Street Financial, LLC., member FINRA/SIPC. Investment advisory services offered through Lion Street Advisors, LLC. Fixed and traditional insurance offered through Feliciano Financial Group (FFG). Medicaid planning and consulting offered through Geriatric Care Solutions (GCS). FFG and GCS are not affiliated with Lion Street Financial, LLC.

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DOL ERISA: Effective June 9, 2017, all individuals who provide advice to retirement plans, including Individual Retirement Accounts (IRAs), must abide by the fiduciary standard.  What does the fiduciary standard mean?  This means that your advisor must put your interests first before their own or that of the firm, make prudent recommendations, charge reasonable compensation and make no misrepresentations to you regarding recommended investments.  The recommendations made by your advisor must be based upon your specific investment needs and objectives.  The fiduciary standard is applicable to any recommendations that your advisor makes to you, the client, for your retirement account.  Please note the firm does have policies and procedures in place to monitor this level of fiduciary responsibility for our clients.

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