All too often, the senior client may find themselves in a dire predicament. Immediate long-term nursing home care is needed and they do not have private funds or long-term care insurance to pay for such care.

An individual’s primary asset is often the home in which he or she resides, and there is a common misconception that in such instances, the only recourse would be to sell one’s home and to use the entire proceeds to pay for long-term care needs.

This CLE course will provide an overview of options wherein this important asset can be saved for the Medicaid applicant and/or their loved ones. The advantages of utilizing exempt transfers as well as a Medicaid Irrevocable Asset Protection Trust will be discussed along with other benefits of using a trust.