Medicaid & Long-Term Care Planning
Handled by Our Mooresville Elder Law Lawyers Serving Iredell, Mecklenburg & the Surrounding Counties
Many seniors end their final years in nursing homes or assisted living facilities. These facilities can rapidly deplete the savings that individuals and couples have spent a lifetime building. Due to this, it is vital that seniors make long-term care a part of their estate plan. Setting up a plan that may allow you to apply for and obtain Medicaid or assisted living benefits can be part of such planning.
At the Law Office of Natalie J. Miller, we help families plan for the possibility of long-term incapacity or illness as well as assist those who are already facing this problem. Our Mooresville elder law attorneys are well-versed in this complex and confusing field of law. We provide guidance and representation in helping families qualify for both Medicaid, which is a program for nursing home benefits, Special Assistance, which is a program for assisted living benefits, and Veteran’s Benefits, which is a program for veteran’s in home health care, assisted living care, or nursing home care. We also help those who need to appeal a program denial by state or federal officials.
Find out how we can help you establish an estate and tax plan that will include long-term care coverage at (704) 662-3557.
Facts about Medicaid & Long-Term Care Planning
Qualifying for Medicaid can be difficult because it involves meeting stringent asset and income limitations as well as other medical requirements. The essence of Medicaid planning can be boiled down to preserving as many of your assets as possible while still putting you in a position to qualify for Medicaid.
Eligibility for Medicaid or assisted living is based on:
- Income; and
- Medical need; and
- Personal assets (these are called countable and non-countable resources) and are restricted to only $2,000 of countable assets.
Assets that are non-countable are exempt from eligibility calculations. These include such assets as one vehicle,, household goods, your home, and other specific resources allowable under the law. Asset calculations are regulated differently for each program.
To add to this situation, the already complex regulations regarding Medicaid change frequently and are unpredictable. Therefore, estate and asset preservation plans to cover Medicaid and long-term planning require careful formation and implementation. The Law Office of Natalie J. Miller provides creative strategies for changing the status of your assets, obtaining or funding assets that would fall under the exempt rule, and making suitable asset transfers to create an advantage for you.
Get Professional Help from the Law Office of Natalie J. Miller
The sooner you put an estate plan in place that addresses Medicaid and long-term care, the better protection you will have for your assets in the face of nursing care or assisted living expenses. Our firm has been using innovative strategies and tools to help our seniors and their families achieve their legal goals for over a decade. We encourage you to take advantage of our experience, hard-won knowledge, and demonstrated care for the clients we represent.
Consultation Fees Waived if Retained
Focused on Elder & Probate Law
Work Directly With an Attorney
Will Travel for Clients Who Are Unable
Treats Clients Like Family
Flexible Hours - By Appointment