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Follow on Google News | New Medicaid Laws Passed Through The Deficit Reduction Act Of Make It Tough To Protect Assets.The new medicaid laws in most states eliminate the possibility of senior citizens to protect assets if they enter a nursing home.
By: Sandy Adams of Senior Tims Elder Law Planning is more important than ever. With the assistance of a qualified Elder Law Attorney, you can do planning in advance that can protect assets. With 93% our senior population without nursing home insurance, planning should be done now. Today a husband and wife can protect up to $25,000 in some states by establishing an Irrevocable funeral trust. This is a method of funding a funeral trust instead of going to the funeral home is very popular. why? People don't want to go the funeral home to decide on caskets and all that stuff. They just want the peace of mind that the money will be there at the time of the funeral. This is a simple and great way for seniors to set aside funds without going to the funeral home. These funds are protected in most states from nursing home and Medicaid. For More INFO - www.funeraltrusts.com Website: www.delcous.com End
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