What are some of the common mistakes in Medicaid asset protection planning?

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Video Transcript

The biggest mistake in Medicaid asset protection planning is waiting until the last minute. It is very important to pre-plan. Most people don’t like to think about this because they do not want to go into a nursing home in the future so they wait until the last minute. The most important thing is to plan ahead and know what your assets are and what your income is.

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