Legal Help With Medicaid Planning
As life expectancies continue to increase, it is important to think about how you or your aging loved ones will afford the care they need in their twilight years. Medicaid planning can help ensure that a loved one will qualify for assistance without having to give away all of their worldly assets.
I am attorney Nelson Chang and I have been helping people with estate planning for more than 40 years. To discuss long-term care planning, call my law office in Saugus at 781-816-8877 for a free initial consultation.
Qualifying For Health Care Assistance
Medicaid is a program that is designed to cover the costs of nursing home and custodial care for people with limited income. Medicaid planning can be accomplished through the transfer or giving away of some of your assets before you require assistance, so that you do not have to sell all of your possessions should the need for Medicaid ever arise.
This transfer of assets must take place at least five years before seeking Medicaid assistance. The government will look back at the previous five years when you apply for Medicaid and will undo any transfers it believes were made in effort to qualify for government assistance.
When you come to the Law Offices of Nelson Chang, I will review your situation and help explore your options when it comes to Medicaid. Trusts and other estate planning tools can help ensure that some assets will be left over to pass on to your heirs while bringing your income down enough to qualify for Medicaid.