When you work with an attorney to create solutions for your golden years, you are in control. You are the one calling the shots about how you will spend your future, not someone else.
In addition, should you need to use Medicaid for long-term care, you can plan for that in advance. Medicaid has a five-year look-back provision that often causes problems for elderly persons with substantial assets. You can avoid losing all your assets, or your children’s inheritance with elder law planning.
Florida provides many legal options to avoid having to “spend down” to your last dollar to qualify for Medicaid. But these options require time and appropriate planning to be effective. Trying to quickly “spend down” assets may cause your disqualification from receiving Medicaid and suspected of fraud. Be proactive in your planning to avoid costly mistakes. By choosing to speak with an elder law attorney, you are taking the right steps in securing your future.
Learn more about the benefits of elder law planning in my blog How to Spend Down to Get the Most Medicaid Coverage. Meet with The Law Office of Lori Vella to draft your Medicaid plan today.