Medicaid is a state- and federally funded health program for lower-income persons of all ages. For applicants who fall into certain categories, Medicaid imposes specific rules on how much income and ...
For those who don't qualify for long-term care insurance or can't afford it, the Medicaid Asset Protection Trust ("MAPT") can protect your assets from the high cost of long-term care in your home or ...
A safer alternative to transferring your real estate to your children for a $1 is transferring the property to a Medicaid Asset Protection Trust. Before explaining how this trust works, it is ...
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism ...
Long-term care is expensive and qualifying for Medicaid is complicated. Because the Medicaid laws vary from state to state, it can be difficult for families to find reliable information online. It is ...
As a financial advisor, you will have clients who are doctors, lawyers, accountants, or real estate agents. There are the top four professions that attract lawsuits when they make costly mistakes. If ...
An important tool for clients who are looking to protect as many assets as possible while qualifying for Medicaid benefits is the Medicaid Asset Protection Trust. What is it? The Medicaid Asset ...
Read on to learn about the different types of asset protection trusts and how to set one up. What Is an Asset Protection Trust (APT)? An asset protection trust protects your assets from creditors and ...