Planning Ahead To Protect Loved Ones
From long-term care planning to Medicaid planning, and veterans’ benefits, the Estate Planning Law Group of Georgia is dedicated to helping you plan for the future, regardless of what may come.
Helping You Qualify For Medicaid
Long-term care is extremely expensive today, and the cost will only increase over time. Many people who need the assistance of a nursing home or other type of long-term assistance simply cannot afford to pay for it out of their own pockets. If you or a loved one is in need of long-term care, working with an experienced Medicaid planning attorney is very important.
The professionals at the Estate Planning Law Group of Georgia understand the complicated and confusing process of qualifying for Medicaid. From our offices in Johns Creek and Lawrenceville, we can discuss strategies for decreasing your assets to ensure you or your loved one receives the care you need.
Let us help you through the application process:
Having a clear idea of your finances, both what you have and what you will need, is the first step.
Medicaid plays an important role in providing financial assistance to those who need it most. However, the limits the program places on your income and value of assets is extremely low. Most people cannot have more than $2,000 in assets. Even though certain items, like your home, are excluded, this threshold is still very difficult for many people to meet.
Gifting Your Assets
Decide if gifting could be a solution for you based on your situation and goals.
If your need for Medicaid is not urgent, it may be possible to gift some of your assets to relatives or other people you trust in order to meet Medicaid’s asset limits in the future. However, the government can penalize you for spending down assets within five years of seeking Medicaid benefits.
Determine your Time Need
Whether you need help immediately, or in the future, we are here to help.
If you need Medicaid benefits immediately, we can help. What’s most important is you don’t do it alone. Our lawyers and the professionals at our law firm have the skills and experience to help guide you through the Medicaid application process to get it done right.
Maintenance plans ensure your plan shifts when your life does.
As with all plans, preparation is key. Remember that even the most thoughtfully designed plan may go through changes and requires regular maintenance. Ensure you work closely with your estate planning attorney to keep them up to date with any changes as or before they arise to ensure you are aways one step ahead of any surprises.