Podcast - Single Person Medicaid Issues

Even after a loved one enters a nursing home, it is still possible for the family to protect one half of the person’s assets provided that they have an updated durable power of attorney. Transfers of assets are possible at any time and the estate and gift tax ramifications are reviewed. Creative planning should begin when a senior citizen’s health begins to decline. When and how to implement such a plan with relevant examples are also discussed.

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