Medicaid (Nursing Home Lien) Planning

Most Americans fall into a category between the poverty that automatically entitles them to free nursing-home care, and the wealth that eliminates the need to worry about how to pay for it. The government does allow you to leave a significant estate to your loved ones, but only if you have set it up right, in advance. Long-term care insurance, irrevocable trusts, lifetime giving and careful management of the “spend-down” are all important components of a plan to maximize what your loved ones inherit while maintaining your eligibility for care. The “look-back” period and associated rules are constantly changing, and careful planning in this area can save your spouse and children hundreds of thousands of dollars.

Watch these two brief videos to learn more about irrevocable trusts and Medicaid planning. Click on the image to start the video.