Asset Protection Opportunity Opens for Seniors, Disabled Until October 1, 2009

Seniors who fear losing their homes and life savings to nursing home costs should consider taking action now, during a rare “window of opportunity” before new Medicaid restrictions are enacted. Under legislation just passed in Indiana, for the first time in over three years, clients who make gifts, purchase real estate or annuities or create trusts that comply with current Medicaid rules will be safe from being denied Medicaid in the future, even though new, more restrictive transfer of assets rules may go into effect at that time.

This is particularly good news for seniors whose retirement savings have shrunk during the current recession. For the next 4 ½ months, they will be able to plan to protect assets before new federally-mandated transfer of asset restrictions go into effect.

To read more, click here.

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Other Articles of Interest

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National Organization on Disability Announces Indianapolis, IN as 2009 Winner For Disability-Friendly City: Mayor to accept $25,000 Accessible America Award on behalf of Indianapolis

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