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Some Simple Techniques for Planning Your Estate
July 16th, 2010 by admin
Your estate attorney can prepare a Medicaid Asset Protection Strategies (MAPS) for your situation. With the recent passage of the Deficit Reduction Act, there are increased restrictions that limit the use of some MAPS techniques, other asset protection strategies remain viable, especially for married couples where one spouse requires long-term care.
One technique may include setting up an Irrevocable Living Trust. You can make gifts to family members, and paying for certain Medicaid expenses. Your attorney will have the answers for these difficult issues. Whether you are facing long-term care issues yourself or you have a family member who is, it is important to contact your Kandiyohi County Estate Attorney.