How To Protect Your Home And Savings From Nursing Home Costs

𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐅𝐫𝐞𝐞 𝐋𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭 𝐂𝐥𝐚𝐬𝐬: www.FreeTrustClass.com
How To Protect Your Home And Savings From Nursing Home Cost // Are you worried about nursing home costs for yourself or your parents? Do you know the potential financial devastation that nursing home costs could have on your hard-earned assets? How can you protect your home and savings from long-term care expenses? In this video, estate planning lawyer Edmund Yan will reveal effective strategies to safeguard your assets and ensure a secure future. Join us as we explore the world of nursing home costs and discover how to protect what's rightfully yours. Let's dive in!
#TreeOfLifeLawFirm #medicaidplanning #medi-calplanning #estateplanning #livingtrust
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✝️ (𝐅𝐫𝐞𝐞 𝐂𝐥𝐚𝐬𝐬) 𝐇𝐨𝐰 𝐭𝐨 𝐌𝐚𝐤𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭 𝐖𝐈𝐓𝐇𝐎𝐔𝐓 𝐇𝐢𝐫𝐢𝐧𝐠 𝐀 𝐋𝐚𝐰𝐲𝐞𝐫: www.FreeTrustClass.com
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00:00 - Intro
01:23 - Today’s Questions and Answers
02:00 - How Much Does Nursing Home Care Cost?
04:05 - What Is Medicaid And Its Role In Nursing Home Coverage?
07:07 - How To Protect Your Assets From Nursing Home Costs?
13:32 - Importance of Early Planning And Seeking Professional Advice
16:37 - Prayer
24:43 - Watch the Free Living Trust Class
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Tree of Life Law Firm
[phone]
www.treeoflife.legal
Attorney Edmund Yan is on a mission to empower you and every homeowner in America (regardless of your budget) to make your own trust that actually works and actually protects your house and family from probate court.
Join Edmund in this free class as he reveals secrets that other lawyers don't want you to know... because after watching this class, many of you will be able to do it yourself without dipping into your savings to hire a lawyer to do it. Due to Edmund's demanding schedule, this free class is for a limited-time only, so click the link below to watch now before this class is no longer offered:
www.FreeTrustClass.com
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About Attorney Edmund Yan:
Hi, Edmund here. I’ve helped hundreds of clients design a meaningful future and leave a legacy of love. Because of my dedication to my clients, I’ve received many humbling awards, including:
🏆 Awarded 10 Best Estate Planning Attorney (AIOLC)
🏆 Clients' Choice Award (Avvo)
🏆 Voted in the top 2.5% of estate planning attorneys under 40 years old for 6 straight years (Super Lawyers Rising Star)
Thanks for watching! If you enjoyed this video and want to see more like it, be sure to hit that subscribe button and turn on notifications so you never miss a new upload.
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Legal Disclaimer:
The information in this KZbin video (1) is not, nor is it intended to be, legal advice; (2) does not create an attorney-client relationship between you and our law firm; (3) provides personal perspectives on legal news and developments; and (4) is provided solely for informational purposes and may be considered ATTORNEY ADVERTISING. We do not warrant that this information is complete or accurate, and we encourage you to do your own legal research or hire an attorney to ensure your legal questions are answered. We do not guarantee that you and your family will avoid probate court. Results vary depending on your own ability to make your living trust and other estate planning documents correctly. Watching this video, leaving a comment, or communicating with Edmund Yan or Tree of Life Law Firm by email or over the Internet does not create any attorney-client relationship unless an attorney-client agreement is signed. Edmund Yan is licensed in California and New York only. Prior results do not guarantee a similar outcome. If you have legal questions specific to your unique situation, you should speak to an attorney in your state.

[@treeoflifelawfirm]

Hi friends, was this video helpful? Please leave a comment below so we can make more practical videos about Medicaid planning.

[@davidyuan4194]

Great information. Thank you and God bless

[@Michael-iw3ek]

Spend it all while you can - this advice is honestly underrated. Enjoy the money while you still can. Life in a nursing home is going to suck no matter what. And any money you die with is money wasted.

[@andielliott7721]

Nope, I plan to "waste" my money on helping animals.

[@Michael-iw3ek]

@@andielliott7721 you *do* realize you don't have to die to help animals, right?

[@andielliott7721]

@@Michael-iw3ek Yes, I do realize that and am helping the animals. Truly appreciate your advice. Thank you.

[@Michael-iw3ek]

@@andielliott7721 just making sure. I hope you help cats more because they are clearly superior and worthy of help.

[@andielliott7721]

@@Michael-iw3ek I have 20 "rescue" cats plus help people spay their own cats and dogs. Cats are superior to "whom"?

[@BC-sm1oq]

Thankful for finding your channel…..whose information shared are relevant to my quest for better understanding of medicare/medicaid issues especially relating to long term care & estate planning. Your channel is a blessing to me….may our good Lord bless you more with your good work.

[@treeoflifelawfirm]

You are so welcome. God bless!

[@user-vo8lk7bw4m]

One of best home buyer with family and friends. I have had.

[@andielliott7721]

EVERYBODY needs to watch this.

[@treeoflifelawfirm]

Glad it was helpful!

[@conniechong592]

Thanks God i found your channel Edmund i live at Florida our house is paid off my husband is 70s he under medicaid now can he create a living trust now to protect our house he not in nursing home yet God bless you 🙏

[@treeoflifelawfirm]

Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.

[@donneone]

Check for other Estate Planning attorneys on KZbin that practice law in Florida. It is state administered, just as Medicaid is also state administered. You both should set up a trust, jointly or separately. Do it asap! Medicaid has a 5 Year Look Back Rule, so setting up your estate asset protection plan early enough is key. I'm also looking for useful answers on this topic. From what I've been able to find so far is, that if only one of you is in a nursing home and the other is still living in the primary home, that home is protected for the time being. Time being means, until the surviving spouse is no longer living in the primary home or until that surviving spouse passes. Then, Medicaid will come to your heirs or estate executor and seek repayment for the "loan" fronted by them for the nursing home care costs. I'm not sure if that also includes at-home care. Good luck.

[@conniechong592]

Tq I will do that

[@jenniferp-jm3ij]

Your videos are the best 😃 Thank you for that lovely prayer and the info.

[@treeoflifelawfirm]

You are so welcome. God bless!

[@user-do7fh5tg1c]

Thanks so much for your wonderful information.Your channel is a blessing to me. Your faith is so strong so God be with you all the time, God bless you abundant life

[@treeoflifelawfirm]

You are welcome. God bless!

[@roccobealino6372]

thank you for this information

[@treeoflifelawfirm]

You are so welcome!

[@teresitaang2759]

You are God loving person.God Bless you.

[@treeoflifelawfirm]

Thank you and God bless!

[@tari2203]

Sad...now people donot take good care their parent....we have to take good care aur old parent and they should not pay nothing in their old age. Nurshing home is just a robber.