Asset protection for the elder client includes planning eligibility for Medicaid.  Goals of planning include:

  • Provide for the long term needs of husband and wife;
  • Preserve assets for the benefit of the well spouse;
  • Reduce or eliminate the fear of living in poverty;
  • Tap all existing sources of assistance to meet the costs of long term care;
  • Evaluate the benefits and limitations of the public health care system; and
  • Lessen the impact such planning has on the family, estate and heirs.