Protect Assets from Medicaid in Connecticut
Senior citizens across the United States find themselves facing a catch 22 when it comes to qualifying for Medicaid coverage. For many, qualifying for Medicaid means selling the home they’ve known for years, or spending the assets they’ve worked so hard to maintain. In many cases, adult children are forced to sell the parental home, since Medicare benefits do not cover in-home or nursing home long-term care needs for their parents. An attorney experienced in can assist and advise the elderly in keeping their home and avoiding the depletion of their assets.
Asset Protection Strategies in Connecticut
At Allaire Elder Law, we begin with a thorough financial evaluation. By analyzing your investment portfolio and property assets, ancan determine whether an irrevocable trust, pooled trust, or another financial arrangement can work to your advantage. If you need help with healthcare planning for an elderly loved one, schedule an appointment with a Connecticut Medicaid planning attorney from Allaire Elder Law, . Our attorney is happy to travel and meet with clients to develop thorough
A knowledgeablecan assist seniors in understanding and establishing the following financial tools:
- Irrevocable trusts
- Pooled asset trusts
- Charitable remainder trusts
- Qualifying annuities
- Reallocation of assets
Our attorney can provide guidance to clients of all ages. Over years of practicing Medicaid planning law in Connecticut, we have learned the elderly are not the only ones that require ongoing professional health care. Many younger people who suffer from illness or disability face the same issues. Qualifying for Medicaid can make a significant difference in the quality of long-term care or home care an adult child with a lifelong condition or a spouse with early onset Alzheimer’s disease will receive. By setting up a trust or transferring assets, you may be able to qualify for Medicaid coverage. The asset protection lawyer from our Connecticut office can advise clients on transferring assets between spouses, establishing a trust for special needs, and keeping the family home while still qualifying for Medicaid.
Receiving the care and treatment you need as you age doesn’t have to automatically mean leaving your home and losing your assets. To learn more about we can help you handle click here to contact the planning attorney at Allaire Elder Law today.,
At Allaire Elder Law, we help our clients protect their assets in Connecticut. We proudly serve Bristol, Plainville, Southington, New Britain, Plymouth, Harwinton, Litchfield, West Hartford, Farmington, Simsbury, Avon, Canton, Burlington, Winsted, Barkhamsted, Wolcott, Thomaston, Watertown, Cheshire, Meriden, and Newington, CT.