Assisted living care can be extremely expensive. Fortunately, if you qualify for Medicaid, the government will foot the bill for this care. Medicaid Asset Protection Trusts exist to help you into your elder years and keep you safe and protected. Read the full article here: https://www.oflaherty-law.com/learn-about-law/what-is-a-medicaid-asset-protection-trust-illinois-elder-law
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This video discusses different questions relating to the Medicaid Asset Protection Trusts, including: What is a Medicaid Asset Protection Trust, What Are the Benefits of Medicaid Asset Protection Trusts?, What Are Medicaid Asset Protection Trusts and How Do They Work?, Medicaid Asset Protection Trust Benefits, The Medicaid Asset Protection Trust's Flaws, Creating a Medicaid Asset Protection Trust vs. Gifting Assets What Assets Should Be Placed in an Asset Protection Trust?, What Are the Differences in Medicaid Asset Protection Trust Rules by State?, Is it necessary to hire an attorney to set up a Medicaid Asset Protection Trust?, What Does It Cost to Establish a Medicaid Asset Protection Trust?, and Medicaid Asset Protection Trust Alternatives