Medicaid Asset Protection Trust

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when our clients come to us because

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their family may be a parent or maybe

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our clients themselves have been

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diagnosed with a long-term ailment

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something like Parkinson’s or

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Alzheimer’s they know that eventually

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Whoever has been diagnosed will need

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long-term care

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and all of a sudden they’re scared that

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what they’ve spent a life building so

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their life savings the home that they’ve

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had maybe it’s a childhood home that

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that they brought their children up in

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for years are at risk of being lost to

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long-term care costs so with Medicaid

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asset protection planning what we do is

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we take advantage of irrevocable trusts

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to transfer their assets that they’ve

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spent a life building into that

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irrevocable trust which we call a

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Medicaid asset protection Trust

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to save those assets for whatever the

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person who was diagnosed with the

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ailment needs

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sometimes we refer to this as a dignity

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fund so that the money can be there as a

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resource on top of whatever that person

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is getting from their long-term care

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facility whether it’s a supportive

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living facility or a nursing home or

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memory care that money is there as a

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dignity fund for anything that they need

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in addition to what their caretakers are

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already providing for them

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in addition to that a Medicaid asset

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protection trust also really gives our

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clients peace of mind that they’re

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leaving behind an inheritance for their

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children so they’re not going to to have

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to exhaust their funds paying for their

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own care or paying for their parents

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care in long-term care facilities

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they’re going to be able to preserve

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what they’ve spent a life building in

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that irrevocable Medicaid asset

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protection trust sometimes I call this

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future proofing your money so we future

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proof our clients life savings we future

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proof our clients homes we do that

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through Medicaid asset protection trusts