Top Three Things You Need to Know!
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Top Three Things You Need to Know!

| Aug 27, 2020 | Firm News |

How To Protect Your Assets when Medicaid is Involved?

  1. If your loved one may need nursing home care in the near future, do NOT make transfers out of their name without first speaking to an attorney.
  2. It is possible that your loved one’s home and assets can be protected with adequate planning.
  3. If your loved one needs to qualify for Medicaid but has assets that are over the Medicaid asset maximum amount ($2,000 in most states for unmarried individuals), he or she can spend down his or her assets by purchasing items of importance, such as a pre-need funeral plan or home improvements.