Medicaid Planning

Service Description

Whether for yourself or your aging parents, at Das Law we can help you plan for the financial, medical, and legal challenges that come with growing older. We can help you develop a comprehensive plan to ensure your wishes and preferences are honored in the future, along with protecting you and your assets if you become incapacitated and require assisted-living or nursing-home care. Who Needs Long-Term Care Planning? Thanks to healthier lifestyles and enhanced medical technology, life expectancies in the U.S. are at an all-time high. But that also means more seniors will require some form of long-term care. Whether in-home assistance or a long-term nursing home stay, it’s becoming inevitable that most of us will require such care at some point in our lives. However, long-term care is growing more expensive every day. In fact, some studies estimate that nearly two-thirds of families will run out of money within the first year or two of moving into a nursing home. Unfortunately, most private health insurance plans and Medicare don’t cover long-term care costs. While costs can vary by location, the average cost of nursing home care is about $10,000 a month in the US. Elder Law & Medicaid Planning Attorneys Can Help With such exorbitant costs, it’s no wonder we’re facing a looming elder-care crisis in this country. Indeed, it’s heartbreaking for seniors to see their entire life savings (and the inheritance they worked so hard to leave their family), get gobbled up by long-term care expenses. Fortunately, with the proper planning in place, you can rest assured that you and your loved ones will have the proper safeguards in place to keep you at home as long as you desire, cover the expenses of your care and receive the maximum quality of care, when it’s needed. We can also help you qualify for Medicaid and other benefits to help cover these ongoing expenses. Indeed, using trusts and other asset-protection strategies, you and your loved ones may be able to take advantage of government benefits without “spending down” all of your assets or losing everything you own. However, you must plan proactively and at least 5 years in advance. Although, it is still possible to do a tremendous amount of asset planning even immediately before filing for Medicaid. The key is to start planning early with the help of experienced professionals to preserve assets. We at Das Law are here to help you every step of the way.