In this article, our Rock Island County elder law attorneys discuss the process of planning for long-term care with your estate plan. Long-term care can be very expensive and because of this, people rely on Medicaid to cover the expense of long-term care.
However Medicaid requires individuals to spend or "draw down" most of your assets. Medicaid planning using irrevocable trusts ensures that you can retain your home and possessions to pass onto your loved ones while still qualifying for Medicaid.