Caregiving Topics

Elderly Asset Protection

A financial plan to protect assets from creditors. An asset protection trust is a financial tool that can be created in an attempt to qualify for Medicaid. Transferring funds to an asset protection trust are subject to Medicaid's five-year look back period.

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.
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Top 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.
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Hiding 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.
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Weighing 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.
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