Estate Planning Lawyers in New Hampshire
Medicaid planning is a form of asset protection planning focused specifically
on ensuring the maximum possible preservation of your assets in the event
you or your spouse needs nursing home care.
For further information on Medicaid planning,
contact us to schedule a consultation.
At costs approaching $10,000 per month, even a moderate-length stay in
a nursing home can destroy the financial well-being of all but the wealthiest
families. Qualifying for Medicaid, the federal-state program that pays
for long-term nursing home care, involves satisfying stringent asset and
income criteria and can be a time-consuming, frustrating, and difficult
process. Certain assets are exempt, while others are countable, and still
others change from exempt to countable depending on the form in which
they are held.
The elder law attorneys at Shaheen & Gordon, P.A., can help you employ
legal strategies to preserve your assets to the extent possible. We can
assist in advance planning as well as crisis planning. We can advise you
on the spenddown process and help you avoid asset transfer penalties that
can result when certain gifts are made.
It can be highly risky to attempt such planning without the advice of an
elder law attorney. Medicaid qualification is complex, and unfortunately,
there is a tremendous amount of incorrect and unreliable information that
circulates about the types of strategies that do and do not work. Investing
in Medicaid planning often pays for itself in money saved and peace of mind.
Elder Law & Estate Planning Attorneys