Medicaid/Medicare Planning

As you grow older, it can become essential to familiarize yourself with the laws behind Medicaid and Medicare planning and how it can affect long-term treatment and nursing homes. The laws behind such planning are complex, and if you end up doing it wrong, you could end up having to pay out of pocket for residential care or force your spouse to pay on your behalf. There are ways that you can lower your net worth, however, so that it is low enough that you qualify for government aid when it comes to nursing home care, without costing your loved ones their entire inheritance. 

Medicaid and Medicare planning is an essential part of any estate plan and is just one of the reasons that you should plan with an estates attorney when planning what will happen to your wealth in your final years and after you die. Your legal counsel will be able to explain to you about shelters, trusts and other ways to protect your wealth if you have to go to a nursing home. Call today and find out what type of planning you have to do.