Are you confused about Medicaid? Do you have questions about what this means to your future? If so, you are not alone. The complexity surrounding this area of the law is enough to overwhelm many people. Fortunately, it doesn’t have to be as confusing as it sounds.
What is Elder Law?
Elder law consists of many aspects with a focus on health care, long term care, and other issues facing the elderly population and their families.
Did you know recent studies show that there is a 40 percent chance of needing long term care at some point before passing on? For this reason, everybody needs to take into consideration that they may have to spend time in a nursing facility in the future.
Medicaid Planning – What you need to know
It is a shame, however, many people visit our office and don’t understand the first thing about Medicaid. They also don’t realize that there are steps they can take to protect their assets from nursing home costs.
There are many Medicaid myths that confuse people, making them think one thing when the law actually says something else.
It is essential to understand your rights, both within the Medicaid system and the state in which you live.
Medicaid Asset Protection
Despite the fact that there are restrictions in place, there are still Medicaid asset protection strategies that you can implement. Some of these include:
- Making gifts to family members
- Creating an irrevocable living trust
- Paying for certain Medicaid expenses
It doesn’t matter if you are facing long term care concerns yourself or assisting a family member in this position, we are here to answer your questions and help you better understand what you should and should not be doing. There is no point in making a mistake now that could cost you and your family a lot of money and time in the future.
Bellevue Washington Elder Law and Medicaid – Let us Help
At this point, you may realize that you have questions associated with elder law, and more particularly Medicaid services. Regardless of what is on your mind, we are more than willing to step in and guide you down the right path. By contacting our law firm it will not be long before an experienced professional is answering your questions and helping you better plan for the future.
Bellevue Washington elder law and Medicaid planning may sound confusing, but we are here to simplify the process.