North Carolina Estate Planning and Elder Law Firm
Many Americans need to plan ahead for nursing home or assisted living care. Because these services are very expensive, Medicaid assistance is available to cover these costs for those who qualify. It is critical that you discuss Medicaid planning with an experienced lawyer before you move assets and attempt a spend-down.
At Baker Billick, P.A., we have the knowledge you need to plan for Medicaid assistance. Our attorneys will meet with you to review your finances and assets and to establish your goals regarding nursing home care. After examining these issues, we will discuss your options and advise you on a strategy. To make an appointment with our Lake Norman elder law attorneys, please call our office at 704-706-9308 or 866-943-7966 today.
We Can Help You Understand the Spend-Down
Qualifying for Medicaid assistance requires that you comply with many governmental regulations. This is a complex process that leaves little room for error. You need a lawyer to ensure that you avoid the mistakes many people make when they attempt this on their own.
One tactic to reduce assets and qualify for Medicaid is to engage in a spend-down. Attempting this without experienced counsel is a risky move. You could leave yourself without sufficient assets or make a mistake in the process that disqualifies you from Medicaid assistance.
Rather than giving assets away to relatives, create an irrevocable Medicaid annuity trust. It is a safe option that protects your assets while remaining in compliance with Medicaid regulations.
Call a Mecklenburg County Medicaid Planning Attorney
Illness or disability can occur at any time, so it is important to have a plan in place now. To make an appointment, please call 704-706-9308 or 866-943-7966 today.
