Long Term Care

Helping to Prepare Your Estate for Your Long-Term Care Needs

No matter how well you are prepared for your retirement, if you don’t have long-term care requirements factored in, it could be a major problem. Many people need to stay at a long-term care facility at some point in their retirement, and the costs can become very significant, very quickly. We work closely with our clients to help position them properly to ensure they are able to get the care they need, without destroying their estate. There are two main options when it comes to preparing for the need of a long-term care facility.

Non-Crisis Medicaid Planning

Ideally, clients come to us long before there is ever a need for using a long-term care facility. When this is the case, we can use a variety of estate planning techniques to position your assets in such a way that they won’t need to be liquidated in order to qualify for Medicaid to pay for your long-term care needs. We can use things vehicles like trusts, for example, to help you maintain control over your assets, while still protecting them from Medicaid regulations.

Crisis Medicaid Planning

If you or a spouse has entered a long-term care facility, or it will be necessary in the very immediate future, crisis Medicaid planning is needed. This occurs when Medicaid requires you to spend your own money and assets to pay for the facility before they will begin picking up the tab. While the options are far more limited now than they would be if there were sufficient time to plan, all is not lost. We can help you to properly position a significant portion of your assets so that you can qualify for Medicaid, without actually having too liquid your estate.

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