Medicaid Planning Attorney in CT With Innovative Solutions
Many elderly Americans fear the prospect of losing their home or needing to spend down their assets in order to qualify for Medicaid in Bristol. Unfortunately, adult children of senior citizens can be faced with selling their parent’s home in order to qualify for Medicaid and other healthcare benefits. At Allaire Elder Law, our Medicaid planning attorney in CT will work with you to help develop innovative solutions that can help elderly people keep their home and avoid depleting their assets.
Medicaid Planning Asset Protection in CT
Did you know that nursing homes can cost between $120,000 and $180,000 a year? Make sure that you receive the benefits to which you are entitled under the Medicare and Medicaid program. We are able to employ a number of basic strategies and tools when helping you plan for Medicaid asset protection in CT.
We can represent clients with the following planning tools for Medicaid in CT:
• Irrevocable trusts
• Pooled asset trusts
• Charitable remainder trusts
• Reallocation of assets
Why Hire a Medicaid Planning Attorney in CT?
Most citizens pay for long-term care through Medicaid. Medicare is not the same as Medicaid and only pays for a portion of skilled nursing care during rehabilitation. Private insurance usually pays for even less! The result is that most people pay for long-term care out of their own resources until they become eligible for Medicaid. To be eligible, you must become financially eligible under the program’s guidelines. Most people need an experienced attorney well-versed in elder law to prepare their plan for long-term care. This is why so many people contact the Medicaid planning lawyer in CT at Allaire Elder Law
It’s not just the elderly population that may find themselves in need of long-term health care. When disabled adult children or a disabled spouse needs long-term care, creating a trust or transferring assets may be an option to qualify for Medicaid. Our Medicaid planning lawyer in Connecticut can advise you on transferring assets from one spouse to another, establishing a special needs trust, or keeping your home without losing your Medicaid eligibility or benefits.
Are you ready to learn more? Contact our office today!
Finding the right Medicaid planning attorney in CT is easier with the help of Allaire Elder Law. We proudly serve Bristol, Plymouth, Harwinton, Litchfield, West Hartford, Simsbury, Plainville, Southington, New Britain, West Hartford, Avon, Canton, Burlington, Winsted, Barkhamsted, Wolcott, Thomaston, Watertown, Cheshire, Meriden, and Newington, CT.