Medicaid planning is necessary and rewarding because it can offer the protection of a person’s personal assets and avoidance of financial disaster. Delaying a conference about Medicaid planning and the application process with trusted counsel, such as the team at Rooth & Rooth Elder Law Attorneys, can cost you or your loved one tens of thousands of dollars in expenses that may be covered if you appropriately plan for Medicaid coverage.
About Medicaid Planning
Our attorneys will meet with you and your family members to discuss the importance of proper Medicaid planning. Avoid the pitfalls of non-legal or non-lawyer services advertising Medicaid planning, as these representatives may be practicing law while unlicensed or attempt to sell you an unnecessary annuity or prepare a Durable Power of Attorney that does not comply with Florida law.
Our firm has just one goal in mind: to provide you with the best Medicaid plan to preserve your personal assets while gaining the maximum benefits available through Medicaid. Medicaid planning includes a review of your income, finances real estate, life insurance, annuities, and tax liabilities. When your income is too great, you may need to set up and administer a qualified income trust (QIT).
Importance of Medicaid Planning
Listening to a wife discuss how to pay for her husband’s nursing home and still have money for her home bills or listening to a family discuss how paying for their mother’s or father’s nursing home has financially ruined their future is disheartening, as this situation is preventable. No child or family member should ever pay the sole expense of a nursing home if their loved one has run out of money and is unable to cover the cost of the nursing home facility. Proper Medicaid planning is designed to assist your mother or father in qualifying for Medicaid benefits while preserving assets.
Applying for Medicaid benefits is not as simple as completing a form and getting approved. Medicaid has strict rules in place to prevent people from simply giving their money away, and proper Medicaid planning focuses on working within those rules to preserve your finances and help you qualify for the Medicaid benefits. Poor Medicaid planning can cost you tens of thousands of dollars and months or years of delayed Medicaid benefits.
Eligibility for Medicaid
Whether your loved one needs Medicaid benefits quickly or you need guidance to avoid delaying future benefits, a Medicaid planning conference with our attorneys ensures you are taking the proper steps and addresses any legal matters, such as a Qualified Income Trust or a Petition for Spousal Support, when the need arises.
As you begin the Medicaid planning process, we will continue to be available for questions and guidance as we implement the plan. Once the Medicaid benefits are approved, we remain committed to assisting our clients and answering any questions you may have. As elder law attorneys, our service doesn’t end when you leave our office; we stand with you through this challenging transition.
Proper Medicaid planning can take weeks or months to complete, so don’t delay. Contact us today to schedule your Medicaid planning conference and rest assured knowing the trusted attorneys at Rooth & Rooth Elder Law Attorneys are advising you. You can also reach our attorneys by calling 727-397-4768.
