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What are the common mistakes in Medicaid asset protection planning?

The most common mistake in Medicaid asset protection planning is not getting advice from a trained individual that understands the rules and the regulations. Relying solely on information that you've received from a friend or something that sounds logical to you is not an important course for you to take. When you play by the rules for Medicaid, you win, and when you don't play by the rules for Medicaid, you lose. The problem is, the rules don't make any sense and they constantly change.

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