Elderly Asset Protection
Asset Protection Articles
Protecting the Home from Medicaid with a Life Estate
Is your parent paying for nursing home care with Medicaid? Learn how to use a life estate as an advance planning technique to allow families to retain ownership of their most important asset, their home.
12 CommentsTop 5 Strategies for Protecting Your Money From Medicaid
Many seniors must apply for Medicaid to afford long-term care. Here are strategies families can use to protect some of their assets while still qualifying for financial assistance with nursing home costs.
23 CommentsHiding Money from Medicaid: Don't Do It
Hiding assets by not reporting them to Medicaid is illegal and considered fraud against the state. However, there are a number of legal techniques for protecting your parent's assets so that they pass to you.
6 CommentsWeighing the Pros and Cons of a Living Trust
A living trust is a popular financial tool that can be used for Medicaid planning, estate planning and tax planning purposes. However, a trust may not be the best the best approach, depending on a person’s long-term goals and unique financial situation.
5 Comments
Asset Protection Questions
Can I pay mom's rehab bill for her?
9 AnswersShirleyDot Answered Nov 20, 2024If both parents need to go into nursing and are both on Medicaid, the house is in a trust, how is the house maintained financially?
5 AnswersKdawn68 Replied Nov 17, 2024Can mom sell me her property before going into nursing home to keep state from getting it?
41 AnswersJoAnn29 Answered Nov 13, 2024Do we need an attorney?
3 AnswersJoAnn29 Answered Nov 11, 2024
Asset Protection Discussions
Why are nursing homes, group homes and assisted living facilities so out of reach for the middle class? $9000 to $12,000 a month is horrible.
8 CommentsLvnsm72 Commented Dec 6, 2023Medicaid estate recovery, Louisiana.
6 CommentsSassygrlz12 Commented Sep 2023How do I prepare my wife and myself for Medicaid and still retain, or at least have access to, our long-saved-for next egg?
5 Commentsquesohusker Commented Aug 2023What to do when you have been strung along with promises of pay for care for elderly and have remodeled the house that was promised to you?
3 CommentsNeedHelpWithMom Commented Jun 2023
Asset Protection Related Topics
- Alzheimer's & Dementia
- Care Decisions
- Cognitive Decline
- Long-distance Caregiving
- Cancer
- Burnout
- Home Modification
- Aging in Place
- Early Onset Alzheimer's
- Lewy Body Dementia
- Memory Loss
- Mild Dementia
- Moderate Dementia
- Signs of Dementia
- Sundowner's Syndrome
- Violent Behavior
- Area Agency on Aging
- Adult Day Care
- Caregiving
- Dementia Behaviors