Shielding your assets from high long-term care costs
We can help you plan in advance so that, if and when you need nursing home care, you can qualify for Medicaid more quickly and preserve many of your assets.
While every client’s situation is unique, there are a few things most individuals can do when engaging in advanced planning. These include irrevocable trusts, gifting and asset transfers, and strategic “spend-downs” to qualify for Medicaid (MassHealth) while preserving wealth for heirs. Please keep in mind that, generally, these strategies must be implemented five years before any nursing home stay to qualify for Medicaid (MassHealth).
We’re here when emergency Medicaid planning is needed
Time is of the essence in crisis situations. If you or a loved one has been admitted to a nursing home or a nursing home stay is imminent, there are last-minute planning tools to help protect a healthy spouse and/or some of your assets.
Our law firm can help you and your family avoid the financial ruin associated with the high cost of long-term care. Contact us today for a consultation to begin understanding the issues surrounding Medicaid eligibility and to implement the planning and/or application process.