Melbourne Medicaid Planning Attorneys
When – And How – Do You Start Long-Term Care Planning?
If you are confused about Medicaid planning, or are worried about how you will pay for long-term care, you are not alone. Medicaid helps you pay for housing in a skilled nursing facility when needed.
The most common questions people have for our attorney are about Medicaid planning. They are especially concerned about when will they become eligible and whether they can give money away to their children right now.
The answer to either of these questions is determined by complex tax, estate and inheritance laws, when you will become eligible for Medicaid and, your unique, estate-planning goals.
The law firm of Anthony N. Brimo, P.A., can provide the clarity and guidance you need to make the best decisions for you. Among the criteria that can affect how the law will apply to your particular situation are:
- The amount of funds in bank, investment, retirement or trust accounts
- The market value of real estate, the original purchase price, who holds title and how
- If you made past gifts to your children, what was the amount and how much time has passed since the gift was made
We Will Explain The Benefits Of Medicaid Planning And When To Do It
Families choose to work with our lawyer for two main reasons: to preserve as much of a person’s wealth as possible for their children and assist with the person’s eligibility for Medicaid when he or she needs it.
When necessary, we can develop a plan even in an emergency situation.
If you would like to learn more about asset preservation, it is important to consult with us as soon as possible to plan ahead. The current laws discourage people from giving all of their money to their children and then immediately applying for Medicaid benefits.
Contact Our Melbourne Medicaid Planning Lawyers Immediately
In the situation where no planning has been done, we can still do so in an urgent situation or if your assets are in excess of the Medicaid requirements.