Protect What Matters

Asset Protection Planning in Cheney, KS

The Savings You Worked For Should Not Vanish in a Year

A single year in a nursing home in Kansas can cost more than $100,000. At roughly $9,000 a month, the savings a Cheney family spent decades building can be gone before anyone has time to react. For most families, the home and the retirement accounts are not just numbers. They are the plan for a spouse, the inheritance for children, the security of a lifetime.

Asset protection planning exists to keep a long term care event from erasing all of it. Advanced Legal Planning helps Cheney families put legal protections in place, ideally before a crisis, so care costs do not consume everything.

Where Cheney Families Go Wrong

The instinct to protect assets is right. The methods families choose on their own are often wrong, and they backfire. The most common mistakes include:

Transferring the house to the kids to keep it "safe," which can trigger a Medicaid penalty period and create tax problems for the children
Adding a child's name to a bank account or deed, exposing those assets to the child's creditors and divorces
Believing a standard revocable living trust protects assets from nursing home costs, when it does not
Doing nothing, on the assumption that protection is only for the wealthy

Good asset protection is not about hiding money. It is about using the tools the law provides, correctly and in the right order.

Experience That Protects What Matters

Asset protection done wrong can be worse than no plan at all. Mark Galloway, owner of Advanced Legal Planning, LLC, holds dual LL.M. degrees, in Elder Law from the University of Kansas and in Tax from Boston University. Because asset protection touches both Medicaid eligibility and tax consequences, that combined training helps Cheney families avoid strategies that solve one problem while creating another.

Advanced Legal Planning gives you a straight answer about what will actually protect your assets under Kansas law.

The 3 Step Medicaid Planning Blueprint

Assess. We map your assets and income and explain what Kansas Medicaid counts and what it does not. Because Kansas is a medically needy state with no hard income cap, many families qualify with the right structure even when income seems too high.

Protect. We design protections that fit your family, which may include a Medicaid Asset Protection Trust (MAPT), spousal transfer strategies, or exemption planning. Because Medicaid can look back up to five years on certain transfers, the sooner protections are in place, the stronger they are. Once a transfer is beyond the look back window, those assets are no longer penalized.

Qualify. When care is needed, we guide the Medicaid application so the plan works as designed.

Learn more on our asset protection planning page.

Three Ways Families Pay for Care

Long Term Care Insurance. A strong policy can carry much of the cost. We help you read yours before you count on it.

Private Pay. Full flexibility, but at roughly $9,000 a month, unprotected savings do not last.

Medicaid. The path most families use. Advanced Legal Planning helps you qualify while keeping what Kansas law allows.

What Cheney Families Say

"We thought protecting our home meant just giving it to our son. Advanced Legal Planning showed us why that would have cost us far more than it saved, and gave us a real plan instead. We finally slept at night."
— a Cheney couple

Start While You Still Have Options

Cheney families already turn to Advanced Legal Planning for Medicaid planning. Asset protection is the step that comes before the crisis, when the law gives you the most room to act. A Medicaid Asset Protection Trust is often the centerpiece, but the right plan depends on your family.

Ready to protect your home, savings, and family's future? Call Advanced Legal Planning at (316) 252-2233 or schedule a consultation online. Virtual meetings are available upon request.

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Frequently Asked Questions

Is it too late to protect assets if a parent already needs care?

Not always. Even in a crisis, some assets can often be preserved through strategies allowed under Kansas Medicaid rules. The sooner you call, the more can usually be done.

Does putting my home in my child's name protect it?

This is one of the most damaging mistakes families make. It can trigger a Medicaid penalty period, expose the home to your child's creditors, and create capital gains tax problems. There are safer, more effective tools.

What is a Medicaid Asset Protection Trust?

A Medicaid Asset Protection Trust (MAPT) is an irrevocable trust designed to hold assets so they are no longer penalized once the look back period has passed, while still protecting them for your family. Whether a MAPT fits depends on your timeline and goals.

Are my retirement accounts and home counted by Medicaid?

Some assets are exempt, meaning they do not count against eligibility. Exempt does not mean protected, though. An exempt home, for example, can still face a Medicaid estate recovery lien after death. Planning addresses both counting and recovery.

Areas We Serve

Advanced Legal Planning serves Cheney and the surrounding region, including Wichita, Goddard, Garden Plain, Andale, and nearby Kansas communities.

Ready to protect your home, savings, and family's future? Call Advanced Legal Planning at (316) 252-2233 or schedule a consultation online. Virtual meetings available.