Are there ways for me to protect some of my assets and still be eligible for Medicaid benefits?
You can protect some of your assets. If you’re looking for Medicaid down the road, 5 years down the road, you can transfer your assets to an irrevocable trust, sometimes referred to as a Medicaid asset protection trust. However, if you need immediate planning for Medicaid, yes, there are techniques that you can use to preserve assets that you own and still qualify for Medicaid. It will be necessary for you to look into the necessary options that are available and how those assets are going to be titled. There are financial products you can purchase, and there are legal documents that you must put in place to obtain the Medicaid benefits.