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Medicaid Planning
If you are over 65 or are disabled, you may qualify for payment of medical expenses and the cost of long term care under Medicaid.  However, without Medicaid Planning couples end up losing up to 90% of their assets when one spouse enters a skilled nursing facility (nursing home).  With proper legal planning, we can help you protect your assets from being completely spent down on a nursing home and help you avoid estate recovery against your assets after you pass.
Medicaid asset protection generally takes one of two forms:
Crisis planning. This applies when you, your spouse or a loved one has already been, or is about to be, admitted to a skilled nursing facility (nursing home).  We have a quick response system in place for crisis Medicaid planning, and can help you get answers quickly. After receiving your specific information we can often tell you within hours, not days, whether we can protect your assets.  If you have a medical emergency that qualifies you for Medicaid, we can help you take immediate steps to protect your assets, while remaining eligible for benefits.  If you find yourself in this position please contact us at 636-394-0009 and we will be happy to answer your questions and assist you in getting started with the process.
Five year planning.  This entails planning ahead to make sure you will be eligible for Medicaid while still protecting your assets for you, your spouse, or your loved ones.  The bottom line is that you don’t have to go broke to be eligible for nursing home care that Medicaid pays for you.  The law allows people to keep their homes and much of their money IF they know how, but it is critical to have the assistance of a knowledgeable and experienced Elder Law Attorney to be able to do so.

 

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