Linwood Medicaid Estate Planning Attorney
Cherry Hill Medicaid Lawyer
Medicaid Estate Planning Lawyer Cherry Hill And Linwood, New Jersey
Our Elder Law Attorneys Carefully Monitor Changes In Medicaid Law.
Medicaid laws are nearly as complex as tax laws, and are constantly undergoing change as Congress and the New Jersey Legislature revisit them. In many cases, individuals and married couples have unnecessarily reduced themselves to a state of impoverishment, believing it was necessary to spend all of their assets before becoming eligible for health care assistance.
At the Rice & Quattrone, PC, a southern New Jersey elder Law firm, our attorneys have been focused on serving seniors and those with disabilities since Ms. Rice began her law career in 1986. Each client’s situation is unique. Our lawyers know Medicaid and tax law, and will craft a plan that allows you or other members of your family to maintain the highest degree of financial independence possible. Contact our Cherry Hill or Linwood office to make arrangements to meet with a Medicaid planning lawyer.
Medicare does not pay for any “custodial care” at home or in an assisted living facility. If, due to illness or injury, a Medicare recipient requires skilled nursing care, benefits often do not last long enough to allow the patient to fully recover. The family then finds it quickly needs to spend down assets to the threshold necessary for Medicaid eligibility.
When our attorneys meet with you, we will evaluate all factors. After considering what you have given away, what you have saved and how your assets are held, we will advise on what to do and how to best preserve your assets while becoming eligible for Medicaid as soon as possible, whether that involves the creation of a Medicaid trust, planned gifts, annuity planning or other strategies as allowed by the Medicaid laws.
Federal and state laws regarding medical assistance have created a confusing web of administrative procedures and policies. We also advise those eligible for Medicaid on related health care issues, including prescription drug benefits.
Contact our Cherry Hill or Linwood location to discuss your situation.