Elder Law and Medicaid Planning:
Long-term care, whether at home or in a nursing facility, can exhaust a family’s lifetime of savings. Proper planning can help reduce or even eliminate this financial exposure.
Practice Area Description:
Optimally, the process of asset protection begins many years before nursing home or community-based, long-term care becomes necessary. The elder law attorneys at Capell Barnett Matalon & Schoenfeld can effectively protect your assets through strategic advanced planning. We can design a plan to establish eligibility for Medicaid or other third-party sources and ensure that family resources are protected in the event long-term care is needed. A proper long-term care plan takes into consideration the other spouse’s financial needs, protects remaining family assets and allows for financial independence and control in the face of declining health and advancing age. Our clients’ dignity is paramount to our practice.
Our team’s commitment to our clients doesn’t end with effective financial and tax planning. Once an individual is eligible for Medicaid, we are there to assist the family with the Medicaid application process, which can be daunting and stressful without professional guidance. Our skilled attorneys will be by your side to ensure that all the information and proper documentation is timely filed in order to secure a smooth and seamless process.
Timely planning is important. However, even if the family is unable to plan well in advance for the possibility of costly, long-term uninsured care, we are frequently able to protect a substantial portion of the family’s assets when such care becomes necessary.
In addition, our dedicated elder law attorneys specialize in special needs planning, including supplemental needs trusts, estate planning, and guardianship proceedings.
The financial and emotional costs of long-term elder care can be a painful shock. Let our elder law team at CBMS help ease the process.