Long-Term Care Planning Education Series: The General Rules With Spending Down

The need for extended care at home or in a long-term care facility such as Canal View can happen to anyone at any age due to an accident, injury, or illness due to normal aging or dementia. An extended healthcare event is unpredictable and costly; it’s the financial unknown that often disrupts retirement savings, investments, estate plans, and families.

Our Long-Term Care Planning Education Series begins with Jeffery Segal, Attorney at Law and Partner at Warner Norcross + Judd in Detroit, who will cover “The General Rules With Spending Down”.

The General Rules With Spending Down
- Converting “countable assets” to “excluded assets”
- Transfers into a “special needs trust,” gifting assets
- Transfers for purposes other than achieving Medicaid
eligibility
- Annuities
- Transfers into a trust for a spouse, etc.