Kid Zone

In my book, “How to Protect Your Family’s Assets from Devastating Nursing Home Costs: Medicaid Secrets,” I consistently emphasize the importance of checking out the availability of various techniques discussed in the book with a local, experienced elder law attorney. But what about those “Medicaid Planners” who are not attorneys? Can their advice be relied upon? Let’s take a look…

To become an attorney, you must attend an accredited law school, study for 3 years, pass all the course exams, and then take a two-day bar exam to become licensed. Those attorneys wishing to hold themselves out as Medicaid planners must then attend numerous CLE (Continuing Legal Education) courses and embark on a lifetime of study and education, since this field is constantly changing.

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Tags: asset protection, elder law, Medicaid, nursing home

You know that you, your spouse, or a parent is facing a nursing home stay. It’s not tomorrow, but it’s not 20 years away, either. Is there a good technique to protect your assets so that the nursing home won’t wind up with your life savings? Actually, yes…it’s called an “irrevocable trust.” Let’s take a look at how it works.

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Tags: asset protection, irrevocable trust, Medicaid, nursing home