What are the best Medicaid asset protection strategies?
This depends largely on your personal situation, but there are many strategies you can use to your advantage. Although the Deficit Reduction Act has changed what you are able to do, there are still strategies that have been proven effective.
Some of the best Medicaid asset protection strategies include: paying for certain Medicaid expenses, making gifts to family members at the appropriate time, and creating an irrevocable living trust.
It can be a challenge to understand how these Medicaid asset protection strategies work, so you should not hesitate to consult with a knowledgeable attorney.