The Medicaid program is designed to help persons who are age 65 years or older, persons with disabilities between the ages of 18 and 65, those who are blind or who receive public assistance to pay medical expenses. Medicaid is funded by the Federal and State governments. There are different eligibility requirements for persons who live in the community and those who require long-term care. Long-term care is defined as either the admission to a long-term care facility, or the recipient of home and community based services.
Asset Protection For Connecticut Residents Is What We Do
Without proper planning, an individual who needs to enter an assisted living or long-term care facility may have no option but to pay for his or her care with personal savings until it is depleted. Once the majority of assets are gone, Medicaid (Title 19) may cover the cost of long-term care, but no one wants to see his or her life savings exhausted on nursing home care.
The knowledgeable estate planning and elder care lawyers at Marder, Roberson & DeFelice Law Offices, LLC, in Ellington, Connecticut, help their clients avoid this dilemma through careful Medicaid and Medicare planning that is part of a comprehensive estate plan.
Structuring an individual’s assets so that he or she can qualify for Medicaid to cover some or all of one’s long-term care expenses is a complex process that is as varied as each person’s financial situation. We will analyze your current situation thoroughly and build protective measures into your long-term estate plan. This may include irrevocable trusts, charitable trusts or other estate planning tools.
The same concerns can impact families with younger members who suffer from a disability or illness that requires ongoing professional health care. We counsel clients of all ages. In many cases, our strategy allows them to obtain long-term care that is significantly better than what they could afford on their own.
Many people incorrectly assume that once they are faced with the fact that a family member must enter a long-term care facility, it is too late to take measures that will help preserve family assets. While it’s true that the earlier you plan, the more options you provide yourself, we may be able to assist you even if your family’s need for long-term care is immediate.
Contact us to schedule a free consultation with an experienced Medicaid planning attorney. We will review the facts of your situation and provide a straightforward assessment of what can be accomplished.