League City Medicaid Planning Attorney
Preparing for Long-Term Financial Support with Medicaid Planning
Most of us will require long-term care in some form before we pass. Comprehensive estate planning should take into account preparation for nursing home residency or the need for assisted living. These long-term care options can be tremendously expensive, however, and without a good strategy, they can eliminate your assets and any potential inheritance for younger generations. Our League City estate planning lawyer can offer skilled counsel in pursuing Medicaid as a helpful alternative to private funding for nursing homes.
Attorney McNair offers guidance with Medicaid issues such as:
- Help in selecting a nursing home
- Assistance in preparing your Medicaid eligibility plan
- Coordinating your Medicaid benefits
- Filing your Medicaid application for assistance
- Shielding against the Texas Medicaid Estate Recovery Program with asset protection
- Planning to ensure continued Medicaid eligibility
Don’t Make Medicaid Mistakes
The look-back period of five years for gifts or transfer of assets should never be overlooked in preparing for Medicaid eligibility. If a determination is made that within this window of time an asset was transferred for less than its fair market value, assessed penalties can block Medicaid eligibility for considerable periods of time. Mistakenly transferring assets to a loved one with the best of intentions but without proper estate planning can lead to having to privately pay for nursing home care for months or years.
Benefits of Hiring An Elder Law Attorney for Medicaid Planning
Applying for Medicaid is a confusing process. Too many people aren't properly prepared for all the decisions associated with the application, which if done incorrectly can be costly and stressful down the line. Looping in experienced Elder Law attorneys in League City can help. Here are some of the benefits associated with hiring an Elder Law attorney for Medicaid planning:
- They are experienced & knowledgable about the process
- Peace of mind knowing that's being done properly
- Properly planning & protecting assets for current and long-term care
Planning Ahead or Need Medicaid Now? We Can Help.
Remember that you may communicate with nursing home staff or Medicaid workers who don’t have all of the information necessary to guide you properly. Our League City elder law attorney offers skilled legal counsel to our clients in preparing for long-term care based on each of their situations and needs.
Contact The McNair Law Group, PLLC today at (281) 784-3340 to begin discussing a strategy for your Medicaid goals.