Protecting Your Estate from Nursing Home Costs

Medicaid eligibility for nursing home costs, Trusts, risks of gifting to children and understanding Medicaid’s gift transfer rule. Presentation by Michael J. Millonig, Attorney At Law, Listed in Best Lawyers in America: Elder Law, Certified as an Elder Law Attorney by the National Elder Law Foundation, Ohio State Bar Association Board Certified Estate Planning, Trust and Probate Specialist.

Topics Covered
▸ Review of all new changes resulting from Ohio’s conversion to an SSI/1634 State
▸ New Medicaid income eligibility rule
▸ Miller Trusts (a.k.a. Qualified Income Trusts) now required for many applicants
▸ Medicaid eligibility
▸ Asset protection strategies
▸ Resource exemptions for the community spouse (spouse at home)
▸ Use of Trusts to protect estates
▸ Medicaid Annuities
▸ Risks of gifting to children
▸ Understanding Medicaid’s Gift Transfer rule
▸ New rule for Residence exemption for single persons & our success with exemptions
▸ Insurance for nursing home care
▸ Special Needs Trusts under Medicaid law for children with disabilities

Presented in association with the WashingtonTwp/Centerville Library. Date & online sign up: Wednesday, May 26, 2021 @ 3:00 PM to 4:30 PM. This is not an in-person presentation at the library. To sign up online for this virtual online presentation via Webex go to:

https://wclibrary.evanced.info/signup/EventDetails?EventId=13785&backTo=Calendar&startDate=2021/05/01