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Title: Protecting Your Assets from Nursing Home Costs What Arizona Families Need to Know

As we grow older, the need for long-term care becomes more likely—bringing with it concerns about preserving hard-earned assets from being consumed by nursing home expenses. In Arizona, the Arizona Long-Term Care System (ALTCS), part of the state’s Medicaid program, helps eligible individuals cover the high costs of long-term care. However, qualifying for ALTCS requires meeting strict financial limits, often forcing applicants to reduce their assets to below $2,000.Without proactive planning, this process—commonly known as "spending down"—can place serious financial strain on a healthy spouse and significantly reduce the inheritance left for loved ones.Mark Fishbein, the lead estate planner at ALTA Estate, has guided many families through this complex process. His team specializes in legal and financial strategies that help protect your assets while meeting ALTCS requirements, ensuring peace of mind for the future.Understanding ALTCS and the Spend-Down ProcessALTCS provides assistance for long-term care services, including in-home care, assisted living, and skilled nursing facilities. Eligibility is based on both medical need and financial limits. To qualify, individuals often must "spend down" their countable assets—such as bank accounts, stocks, or non-exempt real estate—to meet the asset threshold.This requirement, while designed to prioritize need, can create hardship for families who haven’t taken steps to shield their resources.Key Strategies for Asset ProtectionAt ALTA Estate, the goal is to help you keep what you've earned—through smart planning and the right legal tools. Here are several effective strategies to consider:1. Medicaid Asset Protection Trust (MAPT)A MAPT is an irrevocable trust that allows you to transfer ownership of assets out of your name, there...

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