Sep 18, 2014
By Estate Planning Attorney Rick Law, advocate for seniors and baby-boomers in Kane County, Illinois.
Too many people make grave mistakes, spending or giving away money freely before they unexpectedly need to qualify for Medicaid.
That said, when planning is done properly, it’s often possible to qualify for Medicaid while saving some of your assets and spending some others in ways you’d prefer to spend them. Despite the hurdles of qualifying for Medicaid, it can be a viable source for paying for long-term care needs – if it is planned for correctly. There are, however, some things to keep in mind that can prevent the qualification for Medicaid benefits.
Some things to be mindful of include:
Too many families needlessly lose everything they have. Don’t let that be you. If you need help paying the overwhelming cost of long term care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now, because when you’re out of money, you’re out of options!
Rick L. Law, Attorney, Estate Planner for Retirees.
Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care.
“You don’t have to leave your family a lot of money. You really don’t have to leave them anything.
Just don’t leave them a mess.
Law Hesselbaum has made sure we won’t leave our family with a mess.”
M. C., Client of Law Hesselbaum and Law Elder Law