How To Protect Your Assets From Medicaid aol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.com Daily Mail and Mail on Sunday newspapers.
Long-term care costs like nursing home care can quickly drain retirement savings. Medicare provides little help paying these bills, but Medicaid can cover nursing home costs for those who meet strict financial eligibility rules. Certain strategies like special trusts, home equity transfers and annuities can help meet those eligibility rules and protect assets like your […] The post Can a Nursing Home Take Our Savings? We Have a $250k IRA, a House and Other Assets appeared first on SmartReads by
Many retirees go to nursing homes as their needs increase, creating a dilemma for protecting their wealth. A revocable trust places your wealth in a tax-protected vehicle you can control until you die. But, unfortunately, it won't protect assets from … Continue reading → The post Does a Revocable Trust Protect Assets From a Nursing Home? appeared first on SmartAsset Blog.
While so many people are financially prepared for the amount they will need in retirement, many fail to consider how their situation might change due to a disability. Unfortunately, a disability is the most common reason for nursing home placement. By … Continue reading → The post Asset Protection If a Spouse Goes into a Nursing Home appeared first on SmartAsset Blog.