By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or
[email protected] to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
*If I am consenting on behalf of someone else, I have the proper authorization to do so. By clicking Get My Results, you agree to our
Privacy Policy. You also consent to receive calls and texts, which may be autodialed, from us and our customer communities. Your consent is not a condition to using our service. Please visit our
Terms of Use. for information about our privacy practices.
Pay cash in advance or purchase life insurance to fund services.
The reason an Irrevocable Trust is used in either instance is that the value of the purchase may be considered a countable asset (particularly life insurance cash values above a certain amount).
You may arrange for this through all three of the above (elder law attorneys will generally refer out unless they are insurance licensed and offer an insurance product).
I generally recommend that my clients go to the funeral home of their choice. In almost all instances, if this not the home that is eventually used, benefits will be transferable.
Many funeral homes offer prepaid services or insurance funded plans.
They will be able to make the arrangements "irrevocable".
Note that in virtually all states it is also possible to fund a "burial account" in addition to the irrevocable funeral trust.
This should be established as a bank account titled "John Doe Burial Account" owned by the applicant. The account should have a POA and a named beneficiary (Payable on Death or Transfer on Death).
The maximum amount that can be held in the account is $2,500. This is in addition to the $2,000 asset limitation for Medicaid applicants.
Best wishes to you.
The answer by pamstegman is well intended but in error.
Purchasing the Trust via an agent, in contrast to a Funeral Home avoids many unforeseen complications, or even obstructions by a ( some) funeral salesperson Additionally one can inquire at will about service pricing without the funeral home being aware of the amount of 'ready money'
Additionally other family members may be protected out of a higher spend down amount, qualifying the person for medicaid, and relieving additional family burdens.
Blessings,
Bridget