Medicaid Estate Recovery: How to Shield Your Parents' Home from Long Term Care | The Limitless Retirement Podcast

👉Get started on your estate plan—watch our, on-demand workshop: https://www.daytonestateplanninglaw.com/what-we-do-and-how-we-help-webinar/

Ted Gudorf breaks down how Medicaid estate recovery can put a family’s home and assets at risk after a loved one passes—and what can be done to prevent that. He explains practical planning options such as irrevocable trusts, life estate deeds, and long-term care insurance, showing how each can help preserve a family’s legacy. Ted stresses that early planning and guidance from experienced legal professionals are essential to navigating Medicaid’s complex rules and protecting what matters most.

Takeaways

• Medicaid estate recovery can take your family home after death.
• Proper planning can protect your parents' home from recovery.
• Medicaid has a five-year look-back period for asset transfers.
• Timing is critical when planning for Medicaid eligibility.
• Long-term care insurance can prevent the need for Medicaid.
• Crisis planning can save a significant portion of assets.
• Transferring the house to children can create legal issues.
• Healthcare power of attorney is essential for medical decisions.
• Planning ahead is crucial for protecting assets.
• Without planning, nursing home costs can deplete savings quickly.

Resources:

• Gudorf Law Group
• The Ohio Estate Planning Guide - Free Book
• Gudorf Law: What We Do and How We Help Webinar
• Don't Go Broke in Nursing Home Workshop
• When a Loved One Dies: A Legal Guide - Free Book
• Subscribe on YouTube