who helps children assisting parents, married couples, and individuals make the right decisions about nursing home care and their assets. You do not have to spend all of your assets in order to be eligible for Medicaid. We can help you avoid costly mistakes and guide you towards the right solutions for your situation.
There are strategies and plans available to protect your financial assets, your real and personal property, and your life savings from being lost to a nursing home or the government. Do not suffer needless worry that you will lose everything you’ve worked so hard for in planning and saving over the years. We can guide you through this stressful process and assure you that there are sensible solutions to protect you, family members, and your family’s assets.
Our attorneys work diligently to help clients who need the services of a nursing home or home care assistance to obtain Medicaid while guarding their assets. The key to an efficient asset protection strategy entails working with attorneys who have a meticulous understanding of the asset protection plans accessible.
They should also have a working experience of fully examining a client’s revenue and assets, and any gifts, transfers, or financial transactions through the five-year look-back time before applying for Medicaid. This will be useful in avoiding any penalty periods or outstanding nursing home bills, which might have a dramatic impact on your asset protection strategy.
As your Medicaid asset protection attorney, we suggest various asset protection techniques that would be suitable for your requirements. Since a married couple’s assets are all counted collectively, we work to find a solution that protects both you and your spouse. Depending on your financial circumstances, we help you find the right way to get the best possible long-term care while protecting the assets for your family.
For assets protection, we can use a few different techniques, like the application of irrevocable trusts, for the protection of assets in long-term care and incapacity preparation. Irrevocable trusts give you control and may even present tax benefits in circumstances where the transfer of assets is suitable.