“Protect Your Family From Taxes And Long-Term Care Costs,” by Christopher Berry, Forbes

“The first step for protection can be to create an asset protection trust, which, once funded, can protect against the cost of nursing home care. The way it works is that once assets are moved into the asset protection trust, it starts a five-year race, after which time everything inside of the trust is protected from the costs of nursing home care, which can run upwards of $8,000 per month. Medicaid can help pay for the cost of long-term care; however, Medicaid looks back five years.”

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

Shame on Forbes for publishing an article that encourages Medicaid planning.