Medicaid planning in Ohio can include annuities. An annuity can be an effective Medicaid planning and estate planning device, if done properly. This article will focus on annuities as a Medicaid planning device.
An annuity is a product sold by insurance companies, which pays you back in payments over a set number of years. I discussed annuities in more detail in a previous article.
Once someone has a judgment against another, the State of Ohio has a number of ways to collect on the judgment. These include wage garnishments, bank garnishments, recovering property, taking and selling property, and placing liens on real estate. Each of these methods can be effective means of recovering the money awarded to you by the court. Aggressive representation can help you recover your money before it disappears.