Learn more about the various elder law and Medi-Cal services options that MVP Law Group can provide. Contact us today for a Free Consultation to learn more!
PLANNING AHEAD FOR MEDI-CAL QUALIFICATION
YOU DON’T HAVE TO GO BROKE PAYING FOR NURSING HOME CARE!
Maybe your health is declining or you’ve had a recent “close call” or you’re healthy but are concerned about your family’s history with Alzheimer’s or other illnesses or you’ve seen others have their assets wiped out paying for assisted living or nursing home care…. And you’re worried about who will care for you and how you’ll pay for that care in your later years.
PLANNING EARLY IS VITAL
You May Qualify for Medicaid to Pay Your Nursing Home Bills, Which Can Save You Thousands of Dollars Each Month!
Due to the limitations of the options available to pay for care, Medicaid is the most popular option for most Americans. The need for nursing home care does not have to catch you off guard.
Planning early is vital, if possible you should begin planning at least five years before you need to enter a nursing home. When you plan far in advance, you can work within Medi-Cal guidelines to create a plan that protects the majority or all of your assets from long-term care expenses.
BENEFITS OF MEDI-CAL PRE-PLANNING
Protects Your Family Home – Prevents the Government from taking possession of your home when you die as a result of “State Medicaid Recovery.”
5-Year Look-Back Penalty – Minimizes your risk of facing this penalty and being disqualified from receiving benefits, forcing you to spend your nest egg and your kids’ inheritance to pay for care.
No Gifting Penalty – When you give your assets away to a loved one directly, you may face potential gift tax issues. However there are strategic methods of transferring your assets so they are completely gift tax free!
Our experienced attorneys can help you understand the choices available to you and prepare for the future with a clear plan for how to pay for a nursing home without going broke or losing the family home.
How MVP Law Group can help!
Problems arise when people don’t coordinate all of the correct methods of passing on their estate. If you have a well-drafted estate plan in place, you will ensure that your estate passes to whom you want, when you want, and is carried out in the manner you’ve chosen. You can rest assured that your family won’t have to endure the public process and costly matter of probate. The government won’t be able to take what you’ve spent a lifetime building. But you need to be aware of the many options that exist in estate planning – and you must choose your estate planning attorney wisely.
We offer a wealth of free information and free estate planning seminars in our area. Explore the resources available on our website or join us for a free Estate Planning Seminar.
We want you to feel confident about the choices you make – let us be your guide on the path toward preserving your family’s future.