Advance Asset Preservation

Due to the State Medicaid Regulation overhaul Advance Asset Preservation has become one of the most important services LTC Consulting has to offer. Preplanning is all part of preserving a senior assets from liquidation if the unfortunate situation of Intermediate or Custodial Care becomes necessary. Advance Asset Preservation must begin while the client is healthy and in good physical condition. It is recommended that the preservation of assets begin in the late 60's to early 70's. The more time there is between the preservation of assets procedures and the need for long term care the better assets are protected.

Unfortunately many seniors begin gifting assets away to children but due to changes in State Regulations seniors can leave their children vulnerable to the Estate Recovery Bill. If assets or property are transferred to another person during the look-back period then the new person holding ownership is now responsible for payment of the Medicaid benefits incurred by the original owner. In other words, the Medicaid bill of services follows the estate not the person. With LTC Consulting Advance Asset Preservation service, clients need not to worry as we will develop a program that will protect your assets from liquidation, while offering you the comfort of controlling your own money.