With rising costs, how can I plan for nursing home care while preserving assets for my family?

With nursing home costs on the rise, strategic planning with the help of a nursing home planning attorney is crucial. Depending on your unique circumstances, your attorney may recommend asset protection strategies like an irrevocable trust, gifting assets within the allowable limits, and converting countable assets into exempt assets to qualify for Medicaid, a federal and state program that pays for long-term care.