~ Medicaid Planning ~
Why You Should Use a Lawyer for Medicaid Planning
Without advance preparation, many families end up paying out-of-pocket for nursing home costs, or other long-term care costs, until their assets run out.
Medicaid planning encompasses a wide variety of services provided by an equally wide variety of professionals and volunteers. A general definition of Medicaid planning is any assistance provided to a potential Medicaid applicant in advance of, and in preparation for their Medicaid needs. Medicaid planning can be as simple as assistance with the collection and preparation of documents or as complicated as a complete re-structuring of one’s financial assets.
Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they’re afraid of the cost. But an attorney can help you save money in the long run as well as make sure you are getting the best care for your loved one. Here are a few of the most basic reasons why you should at least consider using Olds Law Offices for your Medicaid planning.
- No Conflict of Interest
- Saving Money
- Deep Knowledge and Experience
- Malpractice Insurance
- Peace of Mind
Medicaid rules provide multiple opportunities for nursing home residents to preserve assets for themselves, their spouses and children and grandchildren, especially those with special needs. There are more opportunities for those who plan ahead, but even at the last minute there are almost always still steps available to preserve some assets. It’s always worth checking out whether these are steps you would like to take.