What does Probate Mean to You?
Medicaid has helped so many American families through tough times, but it has also sent many Americans jumping through hoops. It can leave people frustrated and confused about what steps to take next. It’s always helpful to consult a Medicaid Planning lawyer to help you navigate the process.
They Know The System
Many seniors and their families don’t use a lawyer to plan for long-term care or Medicaid, often because they’re afraid of the cost. But a medical attorney can help you save money in the long run. They can also make sure you are getting the best care for your loved one.
Medicaid Planning attorneys can help you avoid common Medicaid mistakes. Mistakes made on your Medicaid benefits applications can hold up your process, or you could be denied.
A lawyer can help navigate gifting assets to a family member, as these gifts could result in penalties. For example, if you transfer certain assets out of your name and gift it to a family member, within five years of applying for Medicaid, it could impact your Medicaid eligibility. This is known as a transfer penalty. Property transfers or even small transfers can affect eligibility, so it is critical to have someone review your transfers.
They Are Up-To-Date On Laws
An attorney can help you stay updated on any altering Medicaid laws. They can also help you plan ahead. It’s best to make a plan as early as possible. It’s important to have your assets in order before something unexpected happens. Estate planning is also an integral part of your Medicaid planning.
When deciding on long-term care and Medicaid, it’s a smart idea to have an experienced estate planning attorney by your side. Or consider putting your Power of Attorney in place for both healthcare decisions and financial decisions. If you cannot apply for Medicaid yourself, your Power of Attorney can apply for you.
They Help Avoid Mistakes
There are plenty of other common mistakes that can derail your application or leave you denied. Mistakes like failing to properly report all your assets, leaving your nursing home to go home or to the hospital, or moving to a new nursing home in a different state are common errors, but avoidable.
Hiring an experienced Medicaid Planning attorney or estate planning attorney is the best way to go to make sure you get the most out of your Medicaid options. Even those working for the government don’t know all the ins and outs of their own regulations.
Figuring out the different rules, laws, and requirements for Medicaid can be an extremely frustrating process. However, having an experienced attorney to help you navigate through it all can help ease your burdens and avoid severe mistakes.
Contact Morneau Law
The attorneys of Morneau Law are highly practiced in Medicaid planning and elder law. Our depth of experience and expertise allows us to successfully advise clients on how they might achieve their goals, whether those are maintaining independence and dignity, preserving funds for children and grandchildren, or staying home rather than moving to assisted living or a nursing home. Contact us today to learn more.
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