Expert Secrets Save Thousands on Elder Law Medicaid

How Expert Guidance Can Save You Money

Working with an elder law attorney can be invaluable when planning for Medicaid. These experts are well-versed in the complex rules and regulations that govern Medicaid eligibility and can help you structure your finances to qualify without depleting your assets. For instance, they can advise on the best ways to spend down assets, utilize trusts, and protect your home from being counted as an asset. By doing so, you can potentially save thousands of dollars in care costs.

Moreover, elder law attorneys can help you avoid common pitfalls that might lead to penalties or disqualification from Medicaid. For example, they can guide you through the look-back period, ensuring that any asset transfers comply with Medicaid rules, thus avoiding costly penalties.