6+ day, 18+ hour ago (293+ words) We are all aware that the cost of long-term care can be substantial. For many, these costs are challenging to pay for on their own. Assets have to be liquidated to qualify for public assistance. This system helps people get the treatment they need without depleting all other resources. It allows families to retain specific resources and ensure that family members are taken care of. Different approaches can help achieve success in asset spend-down. When considering how to protect property from creditors, one option is to exchange countable property for exempt property. These include home improvements or buying essential things. One more approach is to settle an obligation. That not only diminishes countable assets but also enhances the overall financial picture. The money spent down must be handled ethically and with integrity to comply with the law and avoid fines....