Long-term care costs can deplete savings quickly. Medicaid planning helps protect assets while ensuring eligibility for government assistance.
Medicaid Eligibility in Michigan
- Income Limits – Applicants must meet specific income criteria.
- Asset Limits – Certain assets are exempt, while others affect eligibility.
Medicaid Planning Strategies
- Spending Down Assets – Using assets on permitted expenses.
- Irrevocable Trusts – Protecting assets while qualifying for Medicaid.
- Gifting Strategies – Transferring assets strategically.
Why This Matters
Without proper planning, families may struggle to afford long-term care.
About Castle Wealth Group
Contact Castle Wealth Group for all your investment planning needs. We build a perfect strategy for your retirement, including income planning, investment planning, tax planning, health care planning, and legacy planning. Visit our website, call us at 844.885.4200, or email us for expert financial advice.