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Understanding the Financial Pitfalls and Protections in Elder Care | 05-05-25

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Joe Connolly interviews Gary Angiuli from the Staten Island law firm, Angiuli & Gentile, to discuss the complexities and costs of elder care and nursing homes. They highlight that monthly nursing home expenses can range from $15,000 to $20,000, and while government assistance is available, it often requires reimbursement if the individual has assets. The discussion covers strategies to protect these assets using trusts, emphasizing that these measures need to be implemented at least five years in advance.

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