Medicaid Asset Protection
Protecting assets from nursing home costs through Medicaid planning and Medicaid Asset Protection strategies requires personalized legal guidance, whether you’re planning ahead or facing a crisis situation.
Prepare for Future Nursing Home Costs
Planning with Legal Guidance
Protecting Assets from Long-Term Care Costs
In addition to comprehensive estate planning, protecting assets through Medicaid planning strategies is often essential. In Missouri, Medicaid is now known as MO HealthNet, and with the right legal guidance, families may be able to preserve significant assets through proper Medicaid Asset Protection strategies even when a loved one is facing the possibility of entering a nursing home.
This area of law is complex and highly personal. Every situation is different, which is why working with an experienced elder law attorney is so important. Our team can help you navigate both advance planning and crisis planning, depending on your current needs. Whether you are planning for the future or responding to an unexpected event, we are here to help you protect what matters most.
Our attorneys can assist you with asset protection strategies.
Save Assets for Family Members
Be Prepared for the Nursing Home
Planning in advance allows you to preserve more of your assets by putting strategies in place before long-term care is needed. Early planning provides peace of mind and ensures you have more options available when the time comes.
Crisis planning is designed for situations where a loved one has already entered a nursing home and immediate action is needed to protect remaining assets. Even in urgent circumstances, there are elder law legal tools that may help you qualify for Medicaid and preserve a portion of your estate.
An irrevocable trust for Medicaid asset protection transfers ownership of assets to a trust so they are not counted for Medicaid eligibility after five years, helping preserve those assets from being used to pay for nursing home care.
Preserve your assets even after entering a nursing home by using strategic gifting and income planning methods that allow you to transfer a portion of your assets to loved ones while still qualifying for Medicaid.
Assistance with Asset Protection
Legal guidance with Medicaid Asset Protection.
Have our attorneys assist you with understanding how to protect your assets while planning for your long-term care expenses.
Medicaid and Proper Planning
Advance Planning Strategy
One effective long-term strategy for protecting assets from nursing home costs is to transfer them five years prior to requesting government benefits. The best overall option for this strategy is to gift assets into a specialized trust designed for Medicaid eligibility. In Missouri, the program known as Vendor MO HealthNet pays for nursing home care and reviews transfers made for the past five years.
Gifting assets into an Irrevocable Medicaid Asset Protection Trust removes them from your ownership, helping you meet Medicaid’s asset limits after five years while still preserving wealth for your family. Unlike giving assets directly to a child or relative, placing them in a trust offers added protection from creditors, divorce, or mismanagement, while allowing you to appoint someone you trust to oversee them responsibly. Always seek guidance from a qualified elder law attorney before transferring assets to family members.
Get trusted guidance from our attorneys to be prepared in advance.
Frequently Asked Questions About Asset Protection
An irrevocable trust transferring assets out of your name, so they aren’t counted toward Medicaid eligibility after five years.
Trusts offer protection from creditors, divorce, and mismanagement, beyond what simple gifting provides.
Yes. There are options like spend-down strategies or converting assets into income which may help qualify for Medicaid.
You’ll get personalized guidance on timing, trust setup, and all potential eligibility strategies in Missouri.
With an office in Springfield, Missouri, our law firm assists clients across the state including Rolla and Joplin plus smaller towns like Ozark, Nixa, Republic, Willard, Bolivar, Mount Vernon, Lebanon, Branson, Sedalia, and West Plains.
Contact Us to Schedule a Consultation
We help with your Medicaid asset protection needs. Our team consists of attorneys skilled in asset protection trusts and crisis planning techniques.
"*" indicates required fields
