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Reply to "Explain hiding assets from medicaid"
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[quote=Anonymous][quote=Anonymous]I am new to all this, and reading through this thread trying to make sense of it for our circumstances. If a senior has few assets — say, only a home, and not an especially valuable one, is it then *especially* important to put assets in trust? The asset/s will never be enough to pay for non-Medicaid care, so individual is likely looking at a Medicaid bed no matter what. But they don’t want to be completely destitute. For someone like this, it feels like a trust is the difference between Medicaid + destitution vs. Medicaid + some tiny bit of security. Am I understanding this wrong? [/quote] No, you are understanding it just right. [/quote]
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