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7 Costliest Mistakes to Avoid When a Spouse Enters a Nursing Home

When you make the decision to move a loved one into a nursing home, you need to make sure a spouse at home has the assets and income they need for years ahead. Too often, couples lose tens of thousands, or even hundreds of thousands, of dollars unnecessarily, placing the spouse in danger of impoverishment. Learn how to avoid the costliest mistakes.

This guide will provide 7 tips to help you avoid losing your assets unnecessarily including:

Why you shouldn’t “spend down” before admission

Using assets to protect the spouse’s income

Choosing the right assets to “spend down”

Often missed opportunities

Having the right power of attorney

Where to get expert advice

Contact Sykes Elder Law to schedule a meeting to discuss your estate administration needs.

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