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
What can mom do to get her car back from my sister?
8 AnswersJoAnn29 Answered Dec 4, 2024Can I pay mom's rehab bill for her?
17 Answerskenmtb Replied Dec 2, 2024Can a home with a mortgage be transferred to a Medicaid compliant trust in Massachusetts?
4 AnswersAlvaDeer Replied Nov 25, 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, 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 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