What is asset protection?

When it comes to nursing homes and Medicaid, you often hear about “asset protection.” It’s a hot topic—who wouldn’t want to protect their assets? But asset protection is complex, and if something goes wrong your finances and your family could be in a lot of trouble. Protecting an asset means giving up control. At its… Continue reading What is asset protection?

Your attorney should work with your financial advisor.

Are you worried about paying for a nursing home or other long-term care? Then you need the help of two professionals. You need a financial advisor and an elder law attorney—and you need them to work together. Unfortunately, not all lawyers play well with others. You Need a Financial Professional to Manage Financial Risk First,… Continue reading Your attorney should work with your financial advisor.

Some atypical Medicaid advice: be frugal

An older woman and her daughter came into my office the other day. She was worried about having enough to support herself if her ailing husband ended up in a nursing home on Medicaid. It was a typical concern from a typical client—the kind of thing I deal with every day. But this woman was… Continue reading Some atypical Medicaid advice: be frugal