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How to Protect Your Assets from Nursing Homes

How to Protect Your Assets from Nursing Homes

How to protect your assets from nursing homes before it’s too late. Unfortunately, most seniors take on the nearly 100% of the cost of long-term care due to poor planning. As we said in other posts, Medicaid does not pay for these expenses unless you are income eligible. As a result, many seniors find themselves forced to sell their homes, cash in on investments, or borrow money from family members to pay for these expenses. These expenses create financial wounds for the next

Medicaid Qualified Annuity: Little Known Ways to Preserve Wealth

Medicaid Qualified Annuity: Little Known Ways to Preserve Wealth

A Medicaid qualified annuity has a number of benefits when it comes to preserving and protecting wealth. Now, people are living longer and more full lives than ever. The downside to a longer life is the rising cost of nursing home care and the depletion of wealth among seniors on an unprecedented scale. Many individuals are recognizing the importance of planning ahead and preserving the wealth they have built for future generations. This article is devoted to explaining how a

Medicaid Recovery: The Truth is… They Want all Funds Back

Medicaid Recovery: The Truth is… They Want all Funds Back

Medicaid recovery is a very real and incredibly unpleasant situation. Unfortunately, after an individual who received Medicaid benefits passes away, it is the state’s job to recover funds allocated for that person’s care. Most seniors who come to us want to avoid that situation entirely. Think about it. You have worked hard for a majority of your life and rather than being able to pass on property to future generations, those assets go right to the state. In this article we t