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Elder Law Florida Blog

The Elder Law Firm of Clements & Wallace, P.L. has answers to your elder law questions.


Nov 28
2011

What is the need for Medicaid Planning?

Posted by mclements in Veteran’s BenefitsMedicaid PlanningLong Term Care InsuranceLong Term CareElder Law Firm of Clements and Wallace P.L.Elder Law

                 Many older Americans fear that they may need to live in a nursing home during their twilight years. The fear is real because of the tremendous cost and the loss of independence. There are several ways long term care can be paid for: Long term care insurance, personal resource (your money), medicaid, to a very limited degree medicare and VA benefits. Many people simply pay from their private resources (their nestegg) before considering alternatives. Careful planning by a certified elder law attorney, whether in advance or in a crisis situation can help protect your savings, your home and your spouse's and children's inheritance. Don't pay more than you must.
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