when our clients come to us because

their family may be a parent or maybe

our clients themselves have been

diagnosed with a long-term ailment

something like Parkinson’s or

Alzheimer’s they know that eventually

Whoever has been diagnosed will need

long-term care

and all of a sudden they’re scared that

what they’ve spent a life building so

their life savings the home that they’ve

had maybe it’s a childhood home that

that they brought their children up in

for years are at risk of being lost to

long-term care costs so with Medicaid

asset protection planning what we do is

we take advantage of irrevocable trusts

to transfer their assets that they’ve

spent a life building into that

irrevocable trust which we call a

Medicaid asset protection Trust

to save those assets for whatever the

person who was diagnosed with the

ailment needs

sometimes we refer to this as a dignity

fund so that the money can be there as a

resource on top of whatever that person

is getting from their long-term care

facility whether it’s a supportive

living facility or a nursing home or

memory care that money is there as a

dignity fund for anything that they need

in addition to what their caretakers are

already providing for them

in addition to that a Medicaid asset

protection trust also really gives our

clients peace of mind that they’re

leaving behind an inheritance for their

children so they’re not going to to have

to exhaust their funds paying for their

own care or paying for their parents

care in long-term care facilities

they’re going to be able to preserve

what they’ve spent a life building in

that irrevocable Medicaid asset

protection trust sometimes I call this

future proofing your money so we future

proof our clients life savings we future

proof our clients homes we do that

through Medicaid asset protection trusts