How does Medicaid treat IRAs?

Do you have an IRA and anticipate needing long term care? Today Elder Law Attorney Melissa O’Connor discusses how Medicaid treats IRA when evaluating applications. It may surprise you it can be either treated as an asset or a source of income. Consulting an Elder Law Attorney to put in a place a plan to address you IRA in anticipation of a Medicaid application is important. Melissa offers no cost 30 minute strategy sessions. If you would benefit from this discussion feel free to set up a time to talk.

If you want to talk more about estate planning:

We do estate planning. We do probate. And we do it well.

Our firm rests on three core pillars:

1. Family protection
2. Family opportunity
3. A plan that works when it’s needed

If you need estate planning or probate help, we should talk. The easiest way to do that is to click the link below and choose a date and time that work for you (over the phone or in person).

Melissa O’Connor is the owner of O’Connor Law. She created it with one goal – help YOU live a great life and leave a great legacy.

You’ll find information here on elder law, medicaid trusts, medicaid planning, guardianship, estate planning, probate, revocable living trusts, irrevocable trusts, life insurance trusts, charitable giving, wills, trusts, power of attorney, medical power of attorney, trustee selection, and everything in between.

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