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The Law Offices of Samantha K. Wolfe
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“Information Bits from the Boss: Samantha provides brief answers to clients frequently asked questions”

11/7/2022

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​                              What if I’m a business owner, is my business available if I would need long-term care? 
We are always tickled to help business owners plan as part of their estate planning.  One of the questions that I often get is whether a business is available to pay for long-term care costs? The short answer is that a business is available to your long-term care costs.  One of the things that we do here in our office is discuss protecting that business entity to make sure it is not subject to long-term care costs. The owner must ensure that the business governing documents are up to date and the provisions address long-term care concerns and long-term care costs. The document should address whether or not the business interest would be an available resource to pay for that care.  A second component we address is whether the business is income-producing. Does this business generate income that would be essential for either you or a spouse to survive?  We can also consider transferring your business interest to a trust would protect it against your long-term care costs.  We do think that it is important for all business owners to understand what their options are as it relates to long-term care costs.  We always encourage our clients to reach out to us.  We do offer free initial consultations.  If you are a business owner and would like to know if your business is subject to creditors or long-term care costs, please contact our office. 
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Elder Law, Estate Planning, Power of Attorney, Asset Planning, Medicaid Planning
The Law Offices of Samantha K. Wolfe
​20 East Sixth Street, Suite 206, Waynesboro, PA 17268
Hours: Monday thru Friday 8:30am to 4:30pm.
Other times by Appointment Only. Virtual Appointments Available.
717-655-2676
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  • Home
    • Our History
    • Meet Our Team
    • Our Office
    • Video Greeting
    • Affiliations
    • Publications
  • Our Services
    • Estate Planning
    • Asset Protection Planning
    • Long-Term Care Planning
    • Medicaid Planning
    • Special Needs Planning
    • Business Succession Planning
    • Estate Administration and Probate
  • Info for You
    • Newsletters
    • Seminars
    • Videos
    • FAQ - What If
  • Testimonials
  • Our Networks
  • Contact Us
    • Register for a Seminar
    • Send a Book
    • Request a Speaker
    • Survey
    • Reviews
  • Blog