Elder Law Attorney in Feasterville, PA
Have you ever thought about what would happen to your loved ones if you passed away or became incapacitated? Without proper planning, they could be forced to grapple with a range of complex legal issues that could have been avoided. If you want to make things easier for your family in the future, speaking to an elder law attorney is the first step.
The attorneys at Yorkway Law Group have decades of combined experience practicing elder law, and if you live in Feasterville, PA, or anywhere nearby, they can help you develop an end-of-life plan that will allow your loved ones the time they need to grieve without having to deal with unexpected legal issues. Call us today if you need an elder law firm to advise you about a range of topics, including:
- Wills
- Living Wills
- Powers of Attorney
- Trusts
- Guardianships
- Medicaid Asset Protection Planning
- Probate
- Estate Administration
- Nursing Home and Long-Term Care Matters
When you speak to an elder law lawyer about topics like these, you can learn everything you need to know to make the right decisions about your future. Call us today if you need an estate attorney in Elkins Park, PA, an asset protection attorney in Feasterville, PA, or any type of elder law attorney in any community in the area.
Asset Protection & Medicaid Planning in Feasterville, PA
Paying for long-term care expenses like skilled care in a nursing home is one of the biggest concerns today for older people. If you don’t have long-term care insurance, you will have to rely on private health insurance or Medicare to pay for nursing home care. Unfortunately, neither of these options will provide full coverage for long-term care. Once your coverage runs out, you will be forced to pay out-of-pocket for your care, and that can quickly drain your savings, leaving you nothing to pass along to your heirs.
There is, however, one government program that will cover long-term care expenses: Medicaid. This program will cover nursing home expenses, but it is designed only for those with limited financial resources. If you have too many assets or too much income, you won’t be able to qualify. In those cases, you can spend down your assets and take advantage of other loopholes to get your assets and income to a level that will qualify you for Medicaid.
If you want to qualify for Medicaid but have too many assets, an asset protection attorney can advise you on the best way to proceed. There are several strategies you can use, and the advice of an asset protection attorney can be invaluable in deciding which one to use. You may consider any of the following methods to protect your money from Medicaid:
- Asset Protection Trust
- Income Trust
- Caregiver Agreement
- Spousal Transfers/Refusal
These are just a few examples of methods that can be used to protect your assets from Medicaid, and speaking to a Feasterville, PA area attorney about Medicaid planning will help you find out more.
Contact Us Today for Elder Law Legal Help
Don’t let long-term care expenses deprive you of everything you have worked for. Speak to an asset protection attorney today about Medicaid and how you can qualify while still preserving as much of your wealth as possible. Yorkway Law Group has decades of experience dealing with Medicaid and other elder law concerns, so get in touch with us to speak with an elder law attorney in the Feasterville, PA area. You can protect your assets from being lost to Medicaid; the team at Yorkway Law Group can help.