Asset Protection Strategies: Balancing the Risks
What you will learn:
- Four Common Asset Preservation Risks, including Long-Term Care and Medicaid
- What Are the Medicaid Eligibility Requirements? They include:
- Medical Need
- Income an Asset Limits
- Countable and non-countable assets
- Spend Down and Transfer Penalties
- How Medicaid Estate Recovery Works
- Differences between probate-only and Expanded Definition States
- Four Primary Asset Protection Strategies
Asset protection is not just for the wealthy ... In fact, for many people, one of their most valuable assets is their home. Unfortunately, without long-term care insurance or the means to pay for this care, their estate, including their home and other assets, can be completely wiped out by an unexpected stay in a nursing home facility ... According to Genworth, a major long-term care insurance provider, nursing home costs ranged an astounding $7908 to $9034 per month in 2021*. That is nearly $100,000 or more per year!
There are ways of protecting yourself and your finances from these costs without the need to purchase expensive long-term care insurance. Better yet, you don’t have to qualify medically! However, these asset protection strategies must be deployed prior to the need for care. Download this free new guide “Asset Protection Strategies: Balancing the Risks” and learn how to protect yourself and your finances from the catastrophic costs of an unexpected nursing home stay, without buying expensive long-term care insurance.
*Source: Genworth.com