One of the greatest fears of older Americans is that they will waste their hard earned savings away on long term care or a nursing home. Most people in a nursing home end up paying for the care with personal savings until the money runs out. Then they can qualify for Medicaid. But with careful medicaid planning you can help to protect your estate for your own use while on Medicaid or for your spouse, children or grandchildren.
There is also planning that you can do in order to qualify for Veterans Benefits if you are eligible. Currently there is no waiting period for VA Benefits. With a Veterans Asset Protection Plan you can avoid the pitfalls of outright gifts to your children and create a comprehensive estate plan which would qualify you for Veterans Benefits all at the same time.
Those who are proactive in planning can work in advance of any long term care needs in order to protect their assets and qualify for assistive needs much quicker.