Akron Medicaid Planning Lawyer
If your family needs advice about making your aging parents eligible for Medicaid, planning for satisfactory alternatives to nursing home care or sheltering assets from estate taxation while maintaining a secure standard of living, contact an experienced elder care attorney at the Law Office of Margaret Kreiner in Cuyahoga Falls.
My practice has concentrated on Medicaid planning, estate planning and elder law for more than 26 years in the Akron area. If your aging parent served in the military during an active conflict, we can help you determine if he or she or a surviving spouse qualifies for V.A. aid and attendance benefits
I know firsthand how difficult it can be to respond to a health crisis or to the steady decline in an aging parent's ability to live independently. I also know that an important goal for most families is to avoid placing a loved one in a nursing home. To this end, an essential aspect of retirement planning in general and elder care planning in particular may be preserving Medicaid eligibility for a middle-class person. For additional information, visit our Medicaid Qualifications page.
The truly wealthy can afford high-quality home assistance and nursing services, and the truly impoverished will have few or no assets that will endanger their eligibility for Medicaid. For most people, however, careful planning will be necessary to make sure that Medicaid will be there when they need it.
While the most common means of sheltering assets to protect Medicaid eligibility is to transfer them into trust or to gift them to family members, you should be aware that all transfers within five years of the Medicaid application will be carefully examined by the Department of Job and Family Services. Penalties to Medicaid eligibility may result. Only an experienced elder law attorney is likely to know the latest regulations for determining Medicaid eligibility, and for most families, the guidance of a good lawyer will be essential for avoiding mistakes.
I will explain options such as irrevocable trusts, long-term care insurance, and sound strategies for spending down an estate or sheltering assets. I can also show you how to get the greatest possible benefit from marital or homestead exemptions. Because every family's needs are different, I have identified many effective approaches that work well in different circumstances. You will find more information on the Medicaid Updates page on this Web site.
Whether you need help financing long term care for an aging parent, or if you are in your 40s or 50s and understand that it is a good time to start thinking about your own long term care, I can help you. Contact an experienced Medicaid planning lawyer at the Law Office of Margaret H. Kreiner.