Medicaid Planning

Programs that provide information for people who need to understand the options that are legally available to help them protect the assets of a spouse or child with a disability when a family member has a catastrophic illness and needs to have access to Medicaid to meet the expenses. Planning techniques may include spending down assets (e.g. purchasing an automobile or paying off the mortgage on a home), paying family members to provide care for the individual, separating a couple's assets to ensure that the healthy spouse does not become impoverished, transferring assets within legal timeframes, establishing joint tenancy accounts, purchasing annuities and other similar actions.