Long-term Care Planning & Asset Protection
The high costs of long-term care may deplete your life savings in a short time. Our elder law attorneys take a broad view of the client’s care needs, both present and future, and help the family identify all types of resources available to meet those needs, including both financial and non-financial resources. We help identify programs and community resources which may benefit the client, and work with families to develop a long-term plan of care for their loved one that includes planning for the present as well as future needs.
Medicaid and the Veterans Administration are programs that help pay the costs of long-term care. Each agency has strict rules requiring the patient to have limited income and “countable” assets. Determining whether you or your loved one can qualify for Medicaid and/or VA benefits can be extremely confusing. Adding to the challenge is the fact that the programs have different rules regarding income and assets limits, as well as different techniques available for converting countable assets to assets that are non-countable. We know the rules of both programs and help families tap into resources and programs that will most benefit their loved one.