Nursing Home/Asset Protection Planning

The biggest threat to a person’s assets today is not taxes, probate, or inflation. It’s the nursing home.

Nursing home/asset protection planning consists of preventative planning and crisis planning. By preventative planning, we mean planning to protect your assets while you currently enjoy good health. By crisis planning, we mean planning to protect the assets at the time a loved one has entered or is about to enter a nursing home. Generally, preventative planning will help one protect more assets than crisis planning.

Preventative planning includes strategies using long term care insurance, Medicaid trusts, maximization of exemptions, etc. Crisis, or last-minute planning, involves Medicaid qualified annuities and Medicaid qualified promissory notes.

Every case is not the same. No one should attempt to do planning without professional advice.

 Sign up today!