Legal Perspective on Long Term Care Planning and Asset Protection
February 12, 2026 @ 7:00 pm – 8:30 pm
Legal analysis of assets and income stream for potential asset protection: correct use of care contracts with family members, medicaid asset protection trusts, transferring of assets between spouses and then utilizing Medicaid approved annuities to protect asset, Illinois new usage of right of recovery to take home from remaining spouse after nursing home spouse passes and critical need to put spousal home in asset protection trust, importance of not signing nursing home administration documents prior to meeting with attorney for asset analysis and crisis planning, best course of action to plan prior to 5 year look back rule
