In this episode of Life, Legacy & Wealth, Cary Moss breaks down everything families need to know about Medicaid planning — before a crisis forces their hand. From the five-year lookback rule to irrevocable trusts, spousal refusal, and the caregiver child exception, Cary walks through the legal strategies available to Florida families who want to protect their assets and preserve their legacy without running afoul of Medicaid rules.
Cary brings years of hands-on elder law experience to the conversation, offering practical guidance on what documents to gather, what questions to ask when hiring an elder law attorney, and what steps families can take right now — even if a nursing home is still years away.
If there’s one thing to take away from this episode, it’s this: don’t wait for a crisis to start planning.
In this episode, you will hear:
- The five-year lookback rule and why timing is everything in Medicaid planning
- Legal strategies for protecting assets — including spousal refusal, annuities, and caregiver loans
- How irrevocable trusts can shield assets from Medicaid when set up well in advance
- The caregiver child exception and when a home can be transferred to an adult child
- What to do when a disqualifying transfer has already been made
- Key documents every family should have organized before applying for Medicaid
- Questions to ask before hiring a Florida elder law attorney
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