Compassionate Legal Team Helping Families with Medicaid and Long-Term Care Planning
Getting older means contending with more than just outliving those we love and dealing with new physical ailments. As we age, we must also consider various financial and legal matters that pertain to getting older, including Medicare and Medicaid benefits, Social Security insurance, and estate planning issues. It is wise to create a Medicaid plan ahead of time in order to look after your well-being and make things easier for your children or grandchildren. When faced with difficult questions regarding elder law, nursing home care, wills, social services, and other ongoing care for the elderly, it is highly advisable to seek the legal advice of professional Medicaid planning attorneys.
At our law firm, we believe in providing respectful and empathetic legal services to clients and their families interested in Medicaid services. By working with our legal team and engaging in Medicaid planning ahead of time, you will give yourself the ability to make important medical care and in-home care decisions in advance. In most cases, this not only achieves the most optimal outcome for our clients, but it often saves those clients money and makes things simpler for their family members.
How Early Should You Begin Medicaid Planning in CT?
Many people put off Medicaid planning until they reach a certain age or their cognitive ability begins to slip. However, it’s important to begin Medicaid planning long before then. By beginning Medicaid planning early on, you can help reduce the risk of losing your assets and reduce the cost of nursing home services and home care services.
When you submit your initial Medicaid application, the state will review your assets over the last five years. Because of this, it is essential that you do not wait until you actually need ongoing care. Instead, it’s better to plan ahead. Our legal team can advise you on strategies to protect your assets and meet the eligibility requirements for Medicaid and other need-based programs.
What is a Medicaid Asset Protection Trust?
One of the ways that we could help protect your assets is by creating an irrevocable trust.
An irrevocable trust, also known as an asset protection trust, can help you qualify for a needs-based program like Medicaid while protecting your assets for your benefit and the benefit of your family members and heirs.
A trust will transfer assets according to your wishes while still maintaining home care Medicaid eligibility. To learn more, don’t hesitate to get in touch with our law firm for legal assistance.
What Are the Benefits of Hiring a Medicaid Planning Lawyer?
As your legal counsel, we can assist you and your family members with a variety of factors that relate to Medicaid planning and eligibility.
These include:
- Applying for government benefits applicable to healthcare, assisted living facility residency, nursing home services, and more.
- Creating advance healthcare directives.
- Developing comprehensive asset protection strategies.
- Drafting and reviewing wills and trusts.
- Estate planning for married couples in their elder years.
- Preserve assets for your beneficiaries.
- Settle legal disputes.
- Writing the power of attorney documents to designate an individual to make financial decisions on your behalf.
Schedule an In-Depth Case Review with an Experienced Medicaid Planning Attorney Today
Whether you are a senior citizen, a family member caring for an elderly person, or the spouse of a person who may qualify to be a Medicaid recipient, please get in touch with our Connecticut law firm to discuss your unique case in more detail. In your initial consultation, we will go over your specific needs and goals, as well as help you on your way to submitting a successful Medicaid application.
To learn more, please contact our law firm today. You may reach us at our New Britain law office at 860-854-3809, or you can contact our Avon office at 860-854-3545.