Medicaid Asset Planning

While Medicaid finances most long-term care in this country, Medicaid is supposed to be "the payer of last resort" when it comes to long-term care.

Many individuals who apply for Medicaid find that they have too many assets to qualify.

When one spouse has to go into a nursing home, couples can save assets from Medicaid by purchasing an annuity.

A "Lady Bird" deed offers a simple way to transfer real estate at your death, without probate, and with potential Medicaid benefits.

When a spouse faces the need for nursing home care, the couple should consider retitling assets to prepare for Medicaid eligibility. This article explores how and why assets should be retitled.

Medicaid will pay for nursing home care only for those with limited assets and will penalize those who give away assets to qualify for Medicaid.

Medicaid can withhold eligibility for months or even years if you transferred assets within five years of applying for Medicaid coverage of long-term care.

Special needs trusts, which are also sometimes called special treatment trusts or special purpose trusts, are designed to hold assets that can be used for the benefit of someone who is receiving Me

Most trusts, even irrevocable ones, won’t work to qualify a person for Medicaid.

Nolo's book on long-term care helps you plan ahead and get the most out of Medicare and Medicaid.

Nolo's book covers Medicaid rules for seniors and persons with disabilities.