Do you need an attorney for even “simple” Medicaid planning? This depends on your situation, but in most cases, the prudent answer would be “yes.”
Nursing home social workers know a lot about the Medicaid program.., but not the particular rules or the newest changes in the law. Social workers only prepare Medicaid applications for residents who already qualify for Medicaid, meaning the resident’s income and assets are below the allowable Medicaid limits.
BE AWARE: When a resident’s assets or income are above the allowable Medicaid limits, some nursing homes encourage the resident and their family to use a non-attorney Medicaid company to complete Medicaid planning. These companies are not qualified to analyze the laws to complete proper Medicaid planning.
Thus, it is best to consult with a qualified attorney who can apply the law and advise you of the best options for your circumstances. We provide a detailed analysis of each client’s finances, family dynamics, and available planning options through our Medicaid Asset Protection Letter. Using a skilled Medicaid planning attorney can mean significant financial savings and better care for you or your loved one.
Do not hesitate to reach out for a free consultation sooner rather than later. If you wait, it may be too late to take some steps available to preserve your assets.