6/10/08

Do I Really Need An ALTCS Planner?

It really depends. If your single/widowed/divorced and bring in less than $1,911 per month and have less than $2000 in assets than you don't need a planner but if your situation falls outside of that category I've come up with a list of questions to ask yourself to determine if an ALTCS planner is needed.
  • Is monthly income over $1,911?
  • If single, are assets over $2,000?
  • If married, are assets over $20,880?
  • Is the primary house in a trust?
  • Does the applicant’s assets include a trust?
  • Have there been transfers of cash or assets within the past 60 months? (i.e. charity, gifts, name changed on property)
  • Does the primary home have more than $500,000 in equity?
  • Is there more than one home/property?
  • Is there more than one car?
  • Does the applicant have an annuity?

If your answered YES to any of the above questions, it is in your best interest to visit an ALTCS planner BEFORE applying for benefits. Going directly to an attorney can be costly and unnecessary - find a trustworthy ALTCS planner who can offer affordable advice to get on ALTCS.

No comments: