During these unprecedented times, it is more important than ever to do Long-Term Care (Medicaid) Planning. This is especially true if you have health issues or if you have limited assets and worry you may face a long-term care crisis in the future. Even if you think you have enough funds, it is worthwhile to discuss your situation with an elder law attorney to determine if there are strategies to avoid spending your savings on a long-term care need.
People often receive well-meaning but wrong advice from family and friends or the internet. However, you want to make sure that you’re obtaining the correct information and understand how your current decisions affect your ability to receive adequate care later. Some seemingly innocent actions, such as: gifting or “loaning” money, transferring ownership of your home, and paying for a grandchild’s education carry risks with very real consequences.
It is imperative to plan. As our population ages, state agencies continue to increase their scrutiny of Medicaid applications. Individual county caseworkers often fail to follow federal guidelines, so informed preparation is the only method for ensuring a successful qualification for the one government program that will pay for long-term care when you are no longer able to afford it.
Our team has years of experience preparing our clients for the option of utilizing Medicaid in the future and in applying for Medicaid benefits when one is qualified. Our planning clients rest easy knowing that they have an experienced competent team by their side for many years, developing strategies, answering questions, and calming their fears. For both those that planned with us and those that failed to plan, our team is available to make the harrowing process of filing for Medicaid as seamless as possible.
If you wish to plan for a potential long-term care need or your family is confronted with a long-term care crisis today, we stand ready to assist you.
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