Connecticut Medicaid Planning Attorneys
Many elderly Americans fear the prospect of losing their home or spending down their assets in order to qualify for Medicaid. Since Medicare benefits do not cover in-home, long-term care needs, adult children of the elderly could be faced with selling their parent’s home in order to qualify for Medicaid and healthcare benefits. A Medicaid planning lawyer from our office can create innovative solutions that may allow elderly people to keep their home and avoid depleting their assets. We provide a financial evaluation of your investments and property assets to determine if an irrevocable trust, pooled trust, or other financial arrangement will work best for you.
For more information regarding healthcare planning for the elderly, contact a Connecticut Medicaid planning attorney at the law office of Ruggiero, Ziogas, & Allaire. Our Bristol office attorneys are happy to travel and meet with clients throughout Hartford, New Britain, Southington, Simsbury, Litchfield, West Hartford, Waterbury, Cromwell, and Canton.
Avoiding Impoverishment when Qualifying for Medicaid
A Medicaid planning lawyer can advise and represent clients in regard to the following elder home care planning tools:
- Irrevocable trusts
- Pooled asset trusts
- Charitable remainder
- Reallocation of assets
Innovative Solutions for Complex Problems
It’s not just the elderly that find themselves in need of long-term health care due to illness or disability. When adult children with Down’s syndrome or a disabled spouse with multiple sclerosis requires long-term care or home care, creating a trust or transferring assets may be an option to qualify for Medicaid. A Medicaid planning lawyer from our office can advise on transferring assets from one spouse to another, establishing a special needs trust, and keeping your home while qualifying for Medicaid benefits.
Asset Protection for Medicaid Planning Today
Getting the care you need shouldn’t automatically mean institutionalization and impoverishment. To learn more about the options available to your regarding Medicaid eligibility, contact Bristol, Connecticut, Medicaid planning attorneys at Ruggiero, Ziogas, & Allaire today.