Plan For Your Long-Term Care
Making important decisions now regarding how you will afford any long-term care in your retirement years can save a lot of time, money and stress down the road.
To get that peace of mind, you can turn to Elder Law of Georgia, P.C., your partners in aging. Located in Gainesville, we help families and individuals throughout the area plan for how to best afford their long-term care. This includes determining your eligibility for Medicaid and securing the benefits that you need.
We Address Every Detail
One of the most common reasons people are denied when applying for Medicaid coverage to pay for long-term or in-home care is because they have too much money or income. In fact, Medicaid does a five-year look back on your finances to determine eligibility. If you wait until the last minute, a denial could mean paying for expensive long-term care out of pocket and not leaving important assets to your loved ones.
Common strategies for restructuring assets to qualify for Medicaid without having to spend all of your money include:
- Transferring property into an irrevocable trust to avoid the five-year look back
- Establishing a trust to provide for a spouse or disabled child
- Transferring assets and money to loved ones
This makes preplanning especially important. Even if you don’t think you will need long-term care this year or the year after, but maybe 10 years down the road, there is no harm in getting your finances in order today. Avoiding the five-year look back is key.
Our law firm uses a team approach. Attorney Eric Owens will help you craft a plan that lets you access long-term care while protecting your assets. Nurse practitioner Tammy Owens then can evaluate your options for receiving the best possible health care.
When circumstances change, we can always re-examine your plan and help you find health care that better meets your needs.
Talk To Your Partners In Aging Today
You do not have to make these difficult choices alone. Our team is ready to provide you with the guidance you need for peace of mind. To get started, call Elder Law of Georgia, P.C., at 470-201-5354 or send us an email to schedule your initial consultation with an experienced lawyer. We often make home visits to those who cannot make it to our office in Gainesville.