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 ...

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 ...

Doing so would potentially shield it from Medicaid, but you have to create the right kind of trust. An irrevocable Medicaid asset protection ... can reduce your assets. But gifts above $17,000 ...

Because Medicaid eligibility is determined by your total assets, a Medicaid asset protection trust will reduce the assets used when determining eligibility.

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.

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 ...

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 ...

How a trust can help older adults qualify for Medicaid and preserve assets Greg ... and control over their financial lives. An asset-protection trust can help older adults in need of constant ...