What is Medicaid Estate Planning?

The cost of long-term care for an aging person is known by nearly everyone to be prohibitively expensive. That’s one of the main reasons why people apply for Medicaid assistance to cover these costs. However, applying for Medicaid is an art and a science that can sometimes be almost as complex as sending a man to the moon. If your income is either near or over the financial eligibility limits, it is likely that your application will be denied and you will receive no aid, which puts all of the heavy costs of long-term care on your shoulders alone. That is why it’s crucial to consult with an experienced Texas Medicaid planning lawyer before you apply. This lawyer can help you to ensure that the application documents are filled out correctly and can also help you find ways to increase the likelihood of your application being approved.

Restructuring Financial Assets

For many people with middle class incomes, there is just enough income to disqualify them for Medicaid assistance with the high costs of long-term care. This means that, all too often, they end up paying out of pocket for the long-term care of a loved one until their assets simply run out. After that, they qualify for Medicaid assistance. However, there’s a better way. The laws that regulate Medicaid are complex and dynamic, but a skilled Medicaid planning lawyer can help you restructure your financial assets into trusts or other options in order to help you qualify for this type of assistance. It’s better not to try and go it alone if you’re inexperienced with Medicaid.  Hiring a Medicaid planning lawyer can make a huge difference in how it all turns out.

Call to Schedule a Free Consultation With a Texas Medicaid Planning Lawyer Today

If you’re considering applying for Medicaid to help pay for the costs of long-term care, call to schedule a free consultation with a Texas Medicaid planning lawyer today. The experienced legal staff at the Voeller Law Firm are dedicated to helping you find the best way to get the assistance you need. Visit our web page at voellerlaw.com or give us a call at (210) 651-3851 and set up your consultation with one of our experienced lawyers. We serve the city of San Antonio and we look forward to helping you.

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    Voeller Law Firm

    A law practice limited to estate planning, elder law planning, probate and business planning. Through seminars and free initial consultations, the lawyers at the Voeller Law Firm can help area residents and businesses evaluate their legal needs and determine what their options are.