Protecting Assets for a Disabled Child

By May 8, 2009Uncategorized

A major concern for many ALTCS applicants is the issue of preserving assets.  ALTCS applicants can preserve assets to a varying degree depending on their particular circumstances.  Whether the applicant is married or has dependent children heavily impacts the amount of assets that can be preserved. 

It is generally easiest to preserve assets in cases where the applicant is married to a healthy spouse.  Single applicants can still protect some assets when applying for long-term care assistance, but ALTCS requirements for single applicants are much stricter.  Single applicants applying for ALTCS who have a disabled child are the exception to this general rule because the law aims to protect such children.  An experienced Elder Law Attorney can take steps to protect assets for a disabled child whose parent requires long-term care.