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Protect Your Assets from Nursing Homes

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Avoid Unnecessary Costs

Know that you're really being taken care of.

About 70% of seniors usually need long-term help toward the end of their lives. It's not the ideal situation, but there are ways to prepare and make your experience as smooth as possible.

Our elder law advocates have the experience you need to ease the costs and burdens of nursing home bills.

Some Things You Can Do

There are a few ways to protect your possessions from nursing home and Medicaid penalties. Let our experts help you to achieve ultimate protection and wealth.

Use Assets to Pay Debts

You can use your at-risk assets to prepay insurance, taxes, or other large bills.

Buy Assets Not Counted by Medicaid

Certain assets can't be touched, such as your home, cars, and personal effects.

Convert Assets to Income

Avoid costs by giving something of equal value in exchange for converted assets.

Who This Service is For

An expected 70% of people over the age of 65 will need long-term care someday. A startling government study found that over two thirds of those who reach age 65 will need to go into a Nursing Home at some point before they die.It's never too early to begin planning how you will pay for this care, protect your assets, and qualify for Medicaid or VA benefits if that is the route you choose to take.

Want to Learn More?

There are several ways to protect your assets while receiving long-term care.

  1. Using private wealth
  2. Relying on family
  3. Paying with private insurance/Medicare
  4. Acquiring long-term health insurance
  5. Qualifying for Medicaid

Medicaid is a federal program that does cover long-term care like nursing homes. However, it is income-based so if your assets put you over the strict threshold level, you won't qualify. Some people attempt to qualify for Medicaid by gifting assets to loved ones or setting up trusts.

There are legal ways to protect your assets while obtaining Medicaid eligibility for nursing home costs. The best way to insure you protect your assets and avoid Medicaid fraud is to consult an attorney with experience in Medicaid and estate law.

An attorney can also help you set up powers of attorney and living wills, and can advise you with regard to nursing home contracts before you sign on the dotted line. These are all important factors in protecting your assets from mismanagement, elder abuse, and the long-term effects of high nursing home costs.

While these aren't the most pleasant topics to consider, it is vital to plan ahead. Nursing home costs can quickly deplete your assets and affect your ability to care for love ones financially. Speak with an attorney to discuss options for asset protection and planning.