WebAsset protection is the process of legally securing assets beyond the reach of creditors, litigators, and government agencies. Assets include bank accounts, real estate holdings, life insurance, vehicles, and other … WebSTEP 6: Place Your Assets And Your Spouse’s Assets Into A “pour-over” Trust. This type of trust protects the assets from seizure while still allowing you access to the money. Create or modify your wills to include a …
Planning Techniques to Help Gain Medicaid Eligibility
WebApr 10, 2024 · Allaire Law is an elder care law firm you can trust if you are seeking legal assistance for seniors. We offer legal advice, medicaid, estate planning, asset protection and various other services for elderly. We are located in Bristol, Connecticut, and service clients throughout the state. WebDec 19, 2014 · Medicaid-Planning Strategy #1: Asset Protection Trusts. As its name suggests, an asset protection trust is designed to protect … medical term for fats
Elderly Asset Protection: Caregiving Information
WebHow We Help. Typically, in order to afford long-term nursing care, individuals must “spend down” their assets (money, savings and retirement accounts, personal property, etc.) to a point where they qualify for financial assistance. Our elder law attorneys stop the spend down process by developing financial solutions to access Medicaid ... WebNov 7, 2024 · Like income limitations, the Medicaid “asset test” is complicated and varies from state to state. Generally, your home’s value (up to a maximum amount) is exempt … WebLA Law Center can create a Medi-CAL Asset Protection Trust to hold assets, real estate and liquid assets apart from a Medi-CAL applicant’s personal assets. 818-241-4238. Request Consultation; 818-241-4238 ... which will reduce assets in the name of an elderly or ill person and set them up to legally, qualify for future eligibility for Medi ... medical term for fatty plaque