LONG-TERM CARE
AND MEDICAID PLANNING
Why is planning now for long-term care and Medicaid important?
Long-term care can be extremely expensive, and it is essential to determine how you would fund long-term care should you need it, whether you are self-funding (from your saved assets) or may need the Medicaid program to help fund your care. It is important to assess your financial situation and determine the best ways to reorganize or preserve your assets to increase the probability that you can pay for long-term care or qualify for Medicaid in the future.
How can I effectively plan for long-term care and Medicaid?
There are many ways to preserve assets in order to fund long-term care, or supplement care if Medicaid benefits are needed. There are many strategies that can be employed for maximizing use or preservation of available resources. An attorney can assess your particular situation and assist you in reorganizing your assets to increase your chances of qualifying for Medicaid, if necessary, while preserving and protecting as many assets as possible.