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.