Asset Protection for Single Persons

Asset Protection for Single Persons

When a single person needs Medicaid benefits to pay for in-home, assisted living, or nursing home care it is true that the asset protection options are limited compared to a married person in the same situation. But there are still some options. Check out the tips below and join us on March 10, 2020 at 5:30pm at our office where Haans and I will discuss what options single people have for Medicaid planning.

  1. Work with an attorney who specializes in elder law and asset protection to learn how gifting assets to an irrevocable trust five years in advance of needing benefits can preserve assets for your loved ones.
  2. Consider gifting your home to an irrevocable trust five years ahead of the look back period if you are concerned that the current rules that protect a home might change in the future.
  3. Make sure your assets are setup to avoid probate so that if you do receive Medicaid benefits your assets won’t go through probate and be subject to estate recovery.
  4. Be sure that your general durable power of attorney authorizes your agent to make gifts for you and specifies who your agent is authorized to gift assets to.
  5. If you are not able to transfer assets five years before needing benefits, there is a way to protect about ½ of your assets at the time you apply for benefits. An elder law attorney can help with this planning.
  6. Be sure to keep great records as you age of your financial dealings so that the person assisting with a Medicaid application in the future can trace all activity, report all account closures, and be able to accurately complete an application for benefits and provide all information the caseworker might request.

You can register for the March 10, 2020 seminar by calling our office at (616) 392-1821 or emailing Julie at


Cunningham Dalman, PC publishes this web site and its component parts to inform users about our firm, our attorneys and general new developments in the law. The web site and blogs are not intended as legal advice on any matter. There are many factors that may affect your situation. You should not act or refrain from acting because of information found here without first seeking appropriate legal or other professional advice from someone who is familiar with your particular circumstances.

In the operation of this web site and our blogs, we do not intend to create an attorney-client relationship with you and no such relationship shall be created by your use of this web site. Such a relationship can only be established to the extent an attorney at Cunningham Dalman, PC expressly agrees to undertake the relationship. Please do not communicate to us any information you regard as confidential unless and until we have established a formal attorney-client relationship with you. Any information you send to us before we establish an attorney client relationship may not be privileged or confidential. Information you send to us over the Internet may not be secure.

Our Practice Areas
Our Practice Areas

Recent Posts


Cunningham Dalman P.C.
PO Box 1767
321 Settlers Road
Holland, MI 49422-1767

Google Map


Scroll to Top

Tell Us How We Can Help You

Send us a quick message or call us at 616.392.1821!

Seminar Registration

Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.

Call Now Button