Proactive Medical Planning

Proactive Medicaid planning is for people that do not expect to need Medicaid assistance for five years or more. People in this situation have an excellent opportunity to protect this part of their financial future.

Proactive Medicaid planning is effectively creating legal strategies to leverage opportunities to preserve and protect financial assets of a person needing long-term care.

People who find themselves in a situation where the need for long-term care is fast approaching need to look into legal servi ces for Crisis Medicaid Planning.

Long-term Planning Considerations

As your lawyer, we can work with you to develop a customized, proactive Medicaid plan to protect and preserve your financial assets. Among the methods we explore are:

Personal Care Agreements, aka Personal Services Contract, which delineates compensation a person is to receive for providing for personal care otherwise provided by a nursing home. This is commonly used when the caregiver is a family member.

Medicaid Trust which preserves your financial assets while also enabling you to clear the hurdle to qualify for Medicaid. Through "reappointing", the types of assests your Trust can protect includes cash, real property (homes, etc.), annuities, life insurance polices, investment accounts and more.

Durable Power of Attorney empowers a person of your choosing, should you become incapacitated, to act on your own behalf. The Durable Power of Attorney allows your designated agent to manage aspects of your life such as financial, healthcare decisions, property management, and general affairs.

Gifts to persons of your choosing are a way to spend down your financial holdings, thereby better positioning you to qualify for Medicaid.