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Hi, my name is Mark. I will be happy to help you with your questions. There are a couple of strategies that you could use. Do you have a long-term care policy?
One option would be to create an irrevocable trust. With an irrevocable trust you would gift the assets to the trust. The downside with this is that you would lose control over the assets. Also, your heirs would lose a step up in basis. If the assets are in an irrevocable trust for 5 or more years , the assets would be out of reach from creditors or Medicaid.