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Darb Medicaid Form

Darb Medicaid Form

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resource center and when it comes to estate planning there's a term you hear a lot bruce spend down kind of complicated and in my opinion you almost have to look into the future to be able to do this what does it mean spin down spin down is the number you have to get down to in assets before you qualify for medicaid when you're on your way to long-term care right so in your estate if you uh own a home okay if you own a car okay if you have a bank account okay now all of your different things are affected differently by spend down so we cover that extensively in our meetings that we do every month on uh on planning sure and so the information is going to be different for every person depending on their situation but spend down refers to what you have to hit as far as an asset figure in order to qualify for medicaid right so you take all of these assets that you have and a few years prior to you figuring your might need this long-term care you move the money here you spend it down in a w

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