There are three serious problems inherent in such an asset transfer strategy. First, the federal statute governing Medicaid ... Protection purposes, this Trust has been designed to reduce creditor ...

Susan and Jim worked hard their entire lives to create a comfortable nest egg that would last throughout retirement and allow them to leave an inheritance for their children and grandchildren.

It is also important to make sure that you engage in Medicaid asset protection planning in advance of when you will actually need long-term care. A good age to begin planning is around age 65 ...

My Oct. 24, 2005, column discussed the practice of “gifting” assets to family members to qualify for free eldercare under Medicaid. I called it “artificial impoverishment” and talked about ...

A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can ...

In your case, you may be more free to tie up additional assets in a Medicaid protection trust if the funds in your husband’s trust would be available to him and you when and if needed.

I once had a statistics professor fond of saying, “If you torture a number long enough it’ll tell you anything.” Statistics can be used to support any issue if properly fram ...