Careful Medicaid planning, whether in advance or in response to an unanticipated need for care, can help protect your estate, whether for your spouse or for your children. Planning can be achieved by purchasing long-term care insurance or by making sure you receive the benefits to which you are entitled under the Medicare and Medicaid programs. Veterans may also be eligible for additional benefits from the Veterans Administration.
Who Needs This Type Of Planning?
Those who are not in immediate need of long-term care may have the luxury of distributing or protecting their assets in advance. This way, when the need for long-term care arises, they quickly qualify for Medicaid benefits. Providing general rules for Medicaid planning is always difficult because every client is different with a specific set of circumstances. Some clients have more savings or income than others. Some are married, while others are single. Some clients have family support, and others do not. Some clients are home owners and some rent. With that said, a number of basic strategies and tools are typically used in this planning that start the conversations and begin the process.
Please call our office to speak with a Fort Lauderdale Medicaid Planning Attorney at 954-832-0885 to discuss how The Law Offices of Odelia Goldberg can help you with your estate planning. Home, virtual consultations, hospital appointments and telephone appointments are available.