Probate
Many clients have often asked whether their assets were fully protected from creditors when dealing with Title XIX (Medicaid) issues. Did you know that when you or your parents find it necessary to seek assistance for nursing homes and the like, the majority of your assets are spent down before qualifying for assistance? Furthermore, although the Federal Law trumps in this area, in some cases the State of Connecticut is acting under its own laws without regard to Federal Law. It clearly makes sense to prepare for that event since more and more elderly individuals are realizing the realty of losing everything you worked so hard for is a practical scenario.