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How to Restructure Your Assets to Qualify for Medicaid

WebMay 16, 2024 · In a nutshell, Asset Based Long Term Care Insurance is an innovative insurance strategy that provides coverage for long-term care expenses without running … WebAn irrevocable asset protection trust is a secure, legal, long-term estate protection method. The assets transferred to such trusts do not count for Medicaid purposes after five years. These trusts can also be used to protect assets in other situations, including when someone needs care with less than five years’ advance notice. WebOct 15, 2024 · Long-term care is sometimes referred to as “long-term services and supports.” A majority of seniors will receive such help sometime during their remaining lives —usually at home, but often in a nursing home. Long-term care needs will last for an average of 2.5 years for women and 1.5 years for men. 14% of us will need long-term … from lukov with love book pdf