Elder Law
Get the Care You Need While Protecting Yourself, Your Assets and Your Loved Ones.
We have all heard stories about a person having to spend their entire life savings on long-term care - leaving them without anything to pass on to their loved ones. With proper planning, both and and your family can ensure that you are able to remain in your home for as long as possible, that your expenses will be covered, and that you will receive the highest level of care.
Our law firm will work with you to develop a strategy that meets your unique needs. This may include helping you qualify for Medicaid (a different program than Medicare) and other benefits to allow you to pay for these ongoing expenses. You may even be able to take advantage of these benefits without “spending down” all of your assets or losing everything that you own.
If you’re concerned about the rising costs of long-term care, we can help. We’ll work with you to create a comprehensive plan for your future that will allow you to enjoy your golden years without worry or financial hardship.
Qualifying for Medicaid to pay for long-term care expenses requires an understanding of a web of complex federal and state laws. Click Click here for some Frequently Asked Questions (FAQs) , or schedule a free consultation to discuss your particular situation by calling 724-520-2222 or click the Schedule A Consult button below.
How do you protect your assets from Medicaid?
Gifts and annuities – For a single, unmarried person, a popular solution is to gift about half of your assets, then use the other half to buy a Medicaid-qualified immediate annuity. This annuity can be used to pay for care until you qualify for Medicaid.
Spousal annuity – Married couples can protect assets from the cost of care for the ill spouse with a Medicaid-qualified annuity.
Personal care agreement – By paying for care to a caregiver under a written agreement, Medicaid would not consider that transfer of value to have been a gift.
Exempt transfers – Assets transferred to certain recipients – like a spouse, disabled child, or trust for a disabled child – will not prevent you from qualify for Medicaid.
Click here for some Frequently Asked Questions (FAQs), or schedule a consultation to discuss your particular situation.