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
Under estate recovery program, what happens if my mother sells her home and moves? Does estate recovery take her money? PA resident.
3 Answersigloo572 Answered Mar 26, 2024Good friend is asking about revocable vs irrevocable trusts.
5 Answerswaytomisery Replied Mar 25, 2024My mother is 93 and is selling her home in SC to pay for an assisted living facility. Does she pay taxes on the money made from the sale?
3 AnswersMACinCT Answered Mar 21, 2024Mom and I were on the deed till I got 18 then she went and took me off without me knowing it. Was handed to Mom and I from my mama mom died.
4 AnswersJoAnn29 Answered Mar 18, 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
- Burnout
- Home Modification
- Cancer
- 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