Guiding You Through The Complex Medicaid Planning Process
Medicaid planning can prove challenging due to the complicated set of rules that surround Medicaid eligibility. It is therefore important to have a lawyer on your side who can assist you and make certain you are taking all of the necessary steps to keep your eligibility intact.
The elder law attorneys at Poole, Mensinger, Cutrona & Ellsworth-Aults, in Wilmington, can provide advice and guidance regarding this complex area of law. We can review your personal circumstances and helping you understand all of your options.
Planning For Medicaid
Planning ahead can allow you to protect your valuable life savings from being depleted by the expense of long-term care and in some instances Medicaid. Many seniors are unprepared for long-term care costs which can exceed $9,000 per month. The earlier you plan, the more options you have in safeguarding your assets. There are certain types of trusts that can help protect your Medicaid eligibility without compromising your assets.
Medicaid planning is a legal, smart way to ensure you will qualify for Medicaid and nursing home care when you need it. You have worked hard to acquire your assets and there is nothing wrong with taking legal steps to make sure that your beneficiaries are able to receive as much of your estate as possible.
Planning ahead for Medicaid is known as noncrisis Medicaid planning. Planning for Medicaid while you are healthy will allow you to put a plan in place to safeguard your assets if you become incapacitated. Contrary to what you may have heard, you do not have to spend down all of your assets and in certain circumstances you may be able to preserve up to half of a single or widowed person’s assets or preserve your joint marital assets if your spouse is now, or must soon enter, a nursing home. You do not have to be poor to be eligible to qualify for or benefit from Medicaid.
Put Experience On Your Side
Poole, Mensinger, Cutrona & Ellsworth-Aults, provides legal representation and services across all of Delaware. To contact our office and speak to an attorney, please call 302-358-2679 or fill out our online form.