League City Elder Law Attorney
Long-Term & Medicaid Planning for You & Your Loved Ones
Caring for the elderly is often more complicated than it needs to be. Medicaid laws, for example, are constantly evolving and changing, and knowing what is current takes a careful study of the law. At The McNair Law Group, PLLC, we make caring for you and your loved ones a priority, by helping protect your assets, providing for the long-term health care of you and your loved ones, and managing your wishes and best interests.
What does that mean for you?
Having a plan in place can help you and your family in a variety of ways. Whether you are thinking about the potential for long-term care, or if you are afraid of the potential costs wiping out your hard-earned assets, our League City elder lawyer at The McNair Law Group, PLLC can help.
We provide assistance for all of the following, and more:
Medicaid Myths & Strategies
Many people wrongly believe that nothing can protect your assets from long-term care costs and that seeking long-term care can bankrupt an individual. The truth is, depending on your circumstances, you can protect your assets by having a carefully calculated plan in place.
Even with the passing of the Deficit Reduction Act, which increases some restrictions on asset protection strategies, there are always options. These include putting your assets into an irrevocable living trust, gifting assets to trusted family members, financial assistance for spouses of an individual requiring long-term care, and making certain Medicaid payments.
Act Now to Protect Your Assets
Studies show that people have a 40% chance of needing long-term care at least once in their lifetime. Without a plan in place, this can greatly diminish your legacy and the assets you leave for your loved ones.
Let a League City elder lawyer at The McNair Law Group, PLLC assist you. Call (281) 784-3340 or contact us online today.