Protecting your Home While on Medicaid

Approval for Medicaid is absolutely possible while the Medicaid applicant owns his or her own home. A home under a certain value is an exempt asset and is not counted for Medicaid eligibility purposes when the Medicaid recipient is either residing there or “intends to return” to their home. However, it is a common misconception that once approved for Medicaid, you don’t need to protect exempt assets, such as your home. Click here to learn why it is very important to protect your home either before or even when receiving Medicaid benefits, so that your loved ones don’t make a catastrophic discovery once it is too late.  

https://nytrustlaw.com/blog/why-you-should-protect-your-home-when-you-are-on-medicaid/

Person signing an irrevocable trust agreement for estate planning, ensuring asset protection and Medicaid eligibility.

Is an Irrevocable Trust the Right Choice for Your Estate Planning?

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