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What do I need to do in order to start an asset protection plan for Medicaid planning purposes?

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What do I need to do in order to start an asset protection plan for Medicaid planning purposes?

Question: What do I need to do in order to start an asset protection plan for Medicaid planning purposes?

Answer: In order to start an asset protection plan for Medicaid planning purposes you need to first and foremost identify what your assets are, what your liabilities are, and what your income is. Then I would recommend that you would take that information and consult with an elder law attorney who works heavily in the Medicaid planning area to evaluate whether there are any strategies that can be used for asset protection purposes in order to protect the assets and not having them being used and depleted for your nursing home care.


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