Medicaid Planning Lawyer in Winslow Township, NJ
If you or a member of your family require in-home care, nursing home placement, assisted living, or other types of long-term care, the costs can be staggering. There is a better way to pay for it without having to spend down your hard-earned savings and your children’s inheritance.
In Winslow Township, NJ, reach out to Bratton Estate & Elder Care Attorneys with your questions about Medicaid planning, and we can put a plan in place that fits your family’s needs. Call 856 770 2744 today to get started.
New Jersey Medicaid Has Strict Rules for Qualifying
Private insurance and public healthcare programs do not cover long-term care, and most people did not invest in long-term care insurance when they were younger. This means most families rely on Medicaid to cover the costs of a nursing home, assisted living facility, or other long-term care options.
Medicaid in New Jersey has strict income and asset qualifications that you must meet before you can begin drawing these benefits. Most people believe this means they must pay out tens of thousands of dollars for care, only qualifying for these public funds once they have little left to live on and pass down to their children.
Luckily, there is another way. With proper planning with the help of a Medicaid planning lawyer in Winslow Township, NJ, you can protect many of your assets while also qualifying for Medicaid benefits sooner. Call Bratton Estate & Elder Care Attorneys today at 856 770 2744 to get started.
For a legal consultation with a lawyer in Winslow Township, call 856 770 2744
Bratton Estate & Elder Care Attorneys Know the Best Ways to Plan for Medicaid No Matter When You Need These Benefits
Many people need Medicaid services as they age, but most do not start to worry about how to pay their eldercare until they receive a diagnosis or suffer an injury that requires in-home or facility-based care. If you begin planning at least five years before you need benefits, a Medicaid planning lawyer with the team from Bratton Estate & Elder Care Attorneys can protect most or all your savings from Medicaid.
Medicaid only looks at the last five years of your financial transactions when determining if you qualify. So, if we can take action more than five years in advance, we can:
- Put some or all of your assets in an irrevocable trust
- Gift money and valuables to your heirs in advance
- Transfer your money into an account owned and controlled by a trusted fiduciary
- Use a combination of these tactics to protect your assets and your children and grandchildren’s inheritance
Even if you need Medicaid within the next five years, or if your loved one requires long-term care already, we can help you develop a plan to protect some of your assets. Medicaid will penalize you if we take these actions during the five years before you apply for benefits, but we can put a plan in place that avoids as many penalties as possible while still offering protection for your hard-earned nest-egg.
Call 856 770 2744 now to learn more about how a Medicaid planning lawyer in Winslow Township, NJ, can help you and your family prepare for long-term care.
Winslow Township Medicaid Planning in Winslow Township, NJ Lawyer856 770 2744
Our Team Will Create a Unique Plan to Meet Your Needs
We do not offer one-size-fits-all plans. We look at each family’s unique circumstances, the assets you need to protect, and the likely length of your long-term care needs to develop a plan for you. This often includes using several tactics to protect assets from Medicaid and ensure you can qualify for benefits sooner.
Some families have homes or farms that have been in the family for generations, while others have primarily cash assets. Some of our clients look to us to protect high asset estates. Others worry about how to preserve their income and assets for an adult child with special needs or a grandchild’s education. We can help all of them.
We will work with you to protect the assets you worry about the most. When we meet with you, we will discuss your family’s needs, preferences, and priorities. Only then will we take action to ensure you can afford long-term care.
We Also Offer Other Estate Planning and Elder Care Services in Winslow Township, New Jersey
At Bratton Estate & Elder Care Attorneys, we want to ensure you have peace of mind about your family’s financial future. We can meet with you at your home or another Winslow Township location that works best for you. We can help you with Medicaid planning, as well as many other estate planning and elder care services, such as:
- Asset preservation
- Estate administration
- Estate litigation representation
- Life care planning
- Elder law
Our team can help if you have concerns about:
- What will happen if you get sick or pass away?
- What will happen to an aging loved one who needs additional care and support?
- How you will pay for your future care?
- How do you navigate the probate process if a loved one recently passed away?
Our team handles elder care and estate administration tasks every day, so we know how to handle even the most complex tasks. Let us help you through this difficult time.
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Talk to a Medicaid Planning Lawyer in Winslow Township, NJ
The Medicaid planning lawyers from Bratton Estate & Elder Care Attorneys can go to work today to put a plan in place that allows you to protect as many of your assets as possible while still qualifying for Medicaid sooner. Reach out to our team to learn more.
One of our lawyers can meet with you and your family in any of our four New Jersey offices: Haddonfield, Moorestown, Trenton, or Linwood. We also have an office in Philadelphia or can meet you in your Winslow Township home.
Call 856 770 2744 now to get started putting a plan in place to protect your children’s inheritance from the Medicaid spend-down.
Call 856 770 2744 or complete the Contact us form