#five-year lookback

2 stories

#asset protection #elder law #long-term care planning #medicaid #durable power of attorney #estate planning #estate recovery #gift penalty #half-a-loaf plan #home equity #irrevocable trust #medicaid-compliant annuity

The half-a-loaf plan: how families shield nursing home wealth
Elder law attorneys use a legal strategy involving gifts and annuities to help families preserve assets while Medicaid covers long-term care costs.
24/7 Wall St. · 2m
The house trap: why Medicaid can claim your home
A paid-off house looks protected until a stroke hits. Then the state can recover hundreds of thousands from your estate.
24/7 Wall St. · 2m