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Practical insights on estate planning, probate, trust administration, elder law, and protecting your family's future.
2 Documents to Save Your Assets from Long Term Care Costs
If assets are transferred into the Medicaid Protection Trust five years before a Medicaid application is made, those assets will be protected from long term care costs and from collection from the state of Ohio after death.
Know What a Living Trust Can Do for You (And What it Can't Do For You)
The living trust can be a beneficial instrument for general estate planning as well as Medicaid planning purposes. The key is having a knowledgeable attorney to help you take advantage of its benefits and avoid its pitfalls. Contact attorney Elizabeth Perla at (440) 333-2503 today to discuss living trusts or other elder law and Medicaid planning issues.
Personal Caregiver Agreement
With a personal care agreement the caregivee can provide for his or her caregiving loved one and have Medicaid pay for future long term care costs.