During a consultation about asset protection, one of the questions most frequently asked by clients is "Will Medicaid take my house?" This query, though brief, reflects so many of the concerns and anxieties that a senior faces when potentially confronting the prospect of paying for long-term care. While many people amass a great deal of wealth during their lifetimes, for the average middle class person the family residence is his/her most valuable asset, and the concern of losing this asset to pay for one's long term care is daunting, painful and overwhelming.