“The Infamous Medicaid Look Back Rule… Why Does it Matter and What Does it Mean?,” by Casey Sauerwine, Marshall, Parker & Weber LLC

“Engaging in trust planning or gifting more than five years before applying for Medicaid can be an effective strategy to protect assets from nursing home costs.  Gifting ahead of time can reduce the amount of available assets an individual will have at the time a Medicaid application is completed.  It is important to talk about trust planning and gifting with your elder law attorney if you are considering going down one of these paths.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Academics who favor turning LTC over to the government pretend Medicaid planning is so minor as to justify they’re ignoring it. This is a sample of the kind of information elder law firms all across the country routinely purvey to their affluent clients.

The Infamous Medicaid Look Back Rule… Why Does it Matter and What Does it Mean?

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#goldencareagent