The Senior Show – Estate Planning, Medicaid Trusts & Long-Term Care Protection – S1E29

Let’s get into it—this is The Senior Show!

In this episode of The Senior Show, Neil Himmelstein and Tim Kennedy welcome elder law and estate planning attorney Arthur Conte of Hyl Conte Law to discuss protecting the family home, planning for Medicaid, and preparing for long-term care costs. Arthur explains the difference between revocable trusts, which mainly help avoid probate, and Medicaid asset protection trusts, which are irrevocable and can help shield assets from long-term care spend-down rules when structured properly. The conversation also covers the five-year Medicaid lookback period, the ability to start with a revocable trust and later restate it as irrevocable, and why working with an experienced attorney matters when trusts, mortgages, reverse mortgages, and family control are involved. Neil, Tim, and Arthur also discuss the rising cost of nursing home care, limitations of relying only on Medicaid, long-term care insurance riders, and why trusts, insurance, savings, reverse mortgages, and professional guidance should work together as part of a broader senior planning strategy.

Join us every Monday at 5 PM EST on 103.9 L.I. News Radio to catch "The Senior Show," hosted by Neil Himmelstein and Tim Kennedy.

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For questions or planning help:

Neil Himmelstein - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.mainstreetplanninggroup.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Tim Kennedy - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://www.timtalksreverse.com/