Protecting Marital Assets

Husband and wife were married for thirty-five years. Husband was nearing retirement from his job with Detroit Diesel. Two years prior to husband's retirement date, wife was diagnosed with Alzheimer's disease. Before wife's disease progressed, husband retained us to plan for his wife's disability and to ensure that he could afford his wife's care without jeopardizing his retirement.

By simply executing a Trust for estate planning purposes, the couple was also able to take advantage of a key Medicaid planning technique; and, as a result, when the time came to admit his wife to a nursing home, husband did not have to sacrifice his life savings to provide his wife with the quality of care she deserved.