The Concerned Spouse

Wife and husband lived modestly throughout the years. Tragically, after turning sixty-five, husband suffered a severe stroke rendering him incapacitated and dependent upon others for his care. Although wife was extremely healthy, she became deeply concerned that she would have to care for her husband on her own because their life savings of $400,000.00 would be spent over the course of the next five years, leaving her with nothing to maintain her quality of life.

After discussing several strategies, wife decided to employ an aggressive Medicaid planning strategy consisting of serial divestment and funding a Medicaid Qualified Annuity. As a result, wife protected their joint assets without sacrificing wife's retirement and quality of life.