Long-term Care Trust
By agreeing on the management and the use of property through a trust agreement, you can arrange for your or your family's future living and retirement care needs in advance, eliminating any worries.
What is a Long-term Care trust
People are living longer, and there are increasing cases of fraud against the elderly. A retirement trust is a way of property management. The customer gives a sum of money to a bank for management. The bank uses the money to take care of the customer or someone the customer wants to take care of, according to the agreement with the customer.
Long-term Care trust has many advantages
Property safety management: Hand over the property to the trust institution for management to avoid fraud or embezzlement by others.
- Special funds for special purposes: It can be agreed that the trust property will be used to pay for living expenses and nursing expenses, and the funds will be used for special purposes.
- Continuous care: The trust contract can stipulate the source of care expenses, ensure the funds required for long-term care, and maintain the dignity of life.
- Flexible adjustment: The trust contract can be adjusted according to the needs of the client, for example, it can be set to pay living expenses and medical expenses regularly every month.