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Cary Medicaid Planning Lawyer

Cary Medicaid Planning Lawyer

Many people plan sufficiently for retirement or even death but fail to take into account the possibility of becoming disabled through an accident, illness, or progressive condition. Unfortunately, it’s not uncommon for people to be unable to afford the skilled nursing care required after becoming disabled.

In this scenario, you’re likely to have many concerns, including:

  • How much will long-term care cost?
  • What resources are available to me?
  • How will I pay for my care?
  • Will my kids be stuck paying my nursing home bills?
  • What planning can I do now to protect myself and my family?

Cary Estate Planning can help answer these questions and put a plan in place that will give you and your family peace of mind. We can develop a personalized strategy tailored to you to minimize out-of-pocket expenses and maximize your savings and inheritance to your family.

Planning as early as possible is important, and the difference in personal costs can be significant – sometimes hundreds of thousands of dollars. A Cary Medicaid planning lawyer can help you and your family plan for every scenario, saving thousands in the process. To learn more, schedule a consultation with our trust and estates legal team today.

Medicaid Long-Term Care Assistance in North Carolina

Navigating the process of applying for Medicaid benefits can be intimidating. Our lawyers can help to analyze your potential for Medicaid eligibility and put a plan in place to get your skilled nursing care taken care of.

Medicaid is a means-tested benefit program that is directed by the Federal Government and administered at the State level. Because of this, there can be specific rules that must be followed in North Carolina that do not apply to other states. The program, overall, is meant for the disabled and impoverished.

One way to meet the impoverished definition is through Medicaid spend-down planning, which is when an individual “spends down” their assets to get below $2,000 in countable resources. Our goal, however, is to start the planning well before assistance is needed instead of having “spend down” as your only option.

Planning as early as possible is important, and the difference in personal costs can be significant when you have a plan sooner. A Cary, NC Medicaid Planning Lawyer can help you and your family by performing a detailed analysis of your financial condition and asset composition while determining your current and future level of care.

Cary Medicaid Planning

A Medicaid Planning Lawyer Can Help You Protect Your Home from Nursing Homes and Creditors

Medicaid eligibility rules allow you to keep your home, but after you’re gone, your family may be forced to sell the house and pay the proceeds to the government. A Cary Medicaid planning lawyer, however, can help you put a plan in place to protect both your Medicaid long-term eligibility and your home.

Planning more than five years before Medicaid assistance is needed can save your home and other assets from State Medicaid Recovery and can avoid transfer penalties. If you’re in need of assistance now and cannot wait five years, though, there are strategies we can use to save as many assets as possible for your surviving spouse or children.

Contact us today to get started right away.