👉Get started on your estate plan—watch our, on-demand workshop:  https://www.daytonestateplanninglaw.com/how-to-not-go-broke-in-a-nursing-home-even-if-you-think-its-too-late/Board-certified estate planning attorney Ted Gudorf highlights the critical importance of Medicaid planning, especially in crisis situations. He uses a case study to show how strategies like Medicaid-compliant annuities and asset protection trusts can protect a family's assets while ensuring a loved one receives quality care. Gudorf also stresses the significance of timing, particularly the five-year look-back period, which can significantly impact a family's financial outcomes. ======================= Takeaways 70% of Americans over 65 will need long-term care.Proper Medicaid planning can save families significant assets.Crisis situations require immediate and strategic planning.Understanding Medicaid rules is crucial for asset protection.Prepaid funeral expenses can help reduce countable assets.Income planning can shift resources to maintain financial security.Trust-based planning is essential for future asset protection.Every family's situation is unique and requires tailored strategies.The five-year look-back period is critical in Medicaid planning.Starting planning early provides more options and better outcomes. Resources:Gudorf Law GroupThe Ohio Estate Planning Guide - Free BookGudorf Law: What We Do and How We Help WebinarDon't Go Broke in Nursing Home WorkshopWhen a Loved One Dies: A Legal Guide - Free BookSubscribe on YouTube

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