Asset Protection Planning/Medicaid Planning Share

Asset protection planning usually involves planning for eligibility for long-term care under the Medicaid Program.  There are numerous options to protect some or all assets for a well spouse, a disabled family member, or other members of the family.  As you might expect, the planning and implementation of the plan can be extremely complex because it involves not only a thorough knowledge of the Medicaid eligibility rules, but also estate tax and income tax implications.  One thing most people do not realize is that asset protection planning can take place even after a person is ill and, in some cases, even after a person is in a nursing home. 



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