Long-Term Care Asset Protection Planning in Wisconsin
Refi Trust provides long-term care asset protection planning in Wisconsin to help seniors and their families safeguard savings from rising nursing home and assisted living costs. Our Medicaid-compliant strategies preserve your financial legacy, protect exempt assets and prepare you for the future with a clear, simple process.
Why Long-Term Care Can Drain a Lifetime of Savings
In Wisconsin, the average cost of a nursing home or an assisted living facility can range from $4,600-$9,733 or more per month. Over a year or more, long-term care expenses can significantly reduce personal savings, retirement accounts and other assets. Long-term care asset protection planning helps keep important resources available for future needs and your loved ones.
Medicaid Eligibility and the Spend Down Rule
In Wisconsin, Medicaid can cover long-term care once income and countable assets meet strict limits. For individuals, countable assets must be no more than $2,000 ($3,000 for couples), and monthly income must be under $1,050.78. When assets exceed Medicaid’s limits, the rules require a spend down. Funds must be used on approved expenses before benefits begin.
Some assets remain exempt, including a primary home with up to $750,000 in equity, one vehicle, prepaid funeral trusts and personal belongings. Medicaid also uses a 5-year lookback period, applying penalties of $9,599.80 per month on transfers outside program rules.
Refi Trust specializes in long-term care asset protection planning in Wisconsin, helping families complete Medicaid spend down to safeguard wealth. Our insurance-backed irrevocable funeral trusts protect $15,000 per person immediately with no lookback, reducing countable assets and keeping your savings available.
Proven Wisconsin Asset Protection Strategies
- Irrevocable Funeral Trusts: An irrevocable funeral trust reserves funds for funeral and burial costs as an exempt asset under Wisconsin Medicaid rules. Refi Trust’s insurance-backed option protects $15,000 per person with no lookback and up to $100,000 when created more than five years in advance, supporting long-term care asset protection in Wisconsin.
- Life Insurance Conversion: Non-term life insurance with cash value counts toward Medicaid’s asset limit. Converting the policy into an irrevocable funeral trust removes it from countable assets, helping preserve value during long-term care planning.
- Other Exempt Assets: Wisconsin Medicaid guidelines exempt certain assets, including one vehicle, personal belongings and a primary home valued up to $750,000 in equity, making them important considerations in any senior asset protection strategy.
How Refi Trust Helps Seniors Protect Their Assets
Refi Trust offers a straightforward approach to asset protection with no retainer fees, personalized guidance and fast policy or trust setup. Our services include life insurance policy reviews, custom strategy development and rapid fund transfers when needed. With in-person and virtual consultations to answer your questions, we make it easy for Wisconsin seniors and their families to take the next step in protecting their assets for long-term care.
Our 3-Step Process to Protect Your Assets
- Free Consultation: Discuss your financial situation, goals and concerns.
- Asset Review + Strategy: Identify vulnerable assets and recommend protection options.
- Implementation: Complete trust or policy conversions with Medicaid-ready documentation.
FAQs on Long-Term Care Asset Protection in Wisconsin
What is the best way to protect assets from long-term care costs in Wisconsin?
The best way to protect assets from long-term care costs in Wisconsin is to use Medicaid-compliant strategies such as irrevocable funeral trusts, life insurance conversions and proper structuring of exempt assets.
Does Wisconsin have Medicaid-exempt funeral trusts?
Yes. Wisconsin recognizes irrevocable funeral trusts as exempt, allowing funds set aside for funeral and burial expenses to remain protected from Medicaid asset limits.
Can Refi Trust help if I already have life insurance?
Yes. Refi Trust can review an existing policy, identify any cash value and convert it into an exempt asset to prevent loss during the Medicaid qualification process.
When should I start long-term care asset protection planning in Wisconsin?
Start long-term care asset protection planning in Wisconsin as early as possible to maximize available options, meet Medicaid requirements and secure more of your assets before care is needed.
Protect Your Savings Today
Safeguard your savings from the high cost of long-term care. Refi Trust offers long-term care asset protection planning in Wisconsin to help families protect assets from nursing home and assisted living expenses. Schedule your free consultation today.
Secure Your Future Today Call 414-244-9444
Refi Trust is located at 1200 N Mayfair Rd, Wauwatosa, WI 53226. We specialize in long-term care asset protection strategies for seniors throughout Wisconsin.