Law Journal

When planning for long-term care, one of the biggest challenges families face is how to legally protect assets while still qualifying for Medicaid. One lesser-known but highly strategic tool is the use of annuities—a financial product that, when used properly, can convert countable resources into non-countable income.

Many aging parents prefer to stay at home rather than move into a nursing home. Given the choice, most people would rather receive care in a familiar and comfortable environment. However, Medicaid does not typically cover long-term in-home care. Fortunately, there are alternative programs available that can help families access government assistance for in-home care.