Looking for Asset Protection Washington MI?
Heritage Elder Law & Planning is an elder law firm Washington MI focusing on Asset Protection Washington MI. For those who have a loved one in a nursing home, about to go into a nursing home, or who may go into a nursing home in the future, expert legal services are needed. There are sound legal strategies to permit such persons to save a large percentage of their assets while qualifying for Medicaid long-term care Washington MI. Doing nothing to protect yourself or your loved one could mean a loss of all assets or an entire inheritance. Trying to understand and apply for Medicaid law without the help of an experienced attorney could lead to even greater problems. If you need help with Asset Protection Washington MI call us today!
Most people think they have to “spend down” all of their income -- and give up most, if not all, of their assets before the federal-state Medicaid program will cover their nursing home costs.
The Asset Protection experts at Heritage Elder Law & Planning Washington MI work with individuals to sort through the myriad of options related to effective Asset Protection Washington MI to craft customized solutions that provide both long-term security and peace of mind.
Our attorneys bring decades of proven experience in advising clients on effectively implementing a wide variety of wills Washington MI, trusts Washington MI, powers of attorney and medical directives documents. We use strategies ranging from a simple last will and testament to a complex trust. We can help with Asset Protection Washington MI.
If you are concerned that a long-term illness may wipe out in months what it took you a lifetime to save, you may be surprised and comforted to learn that you have many very good options.
Despite the many confusing changes to the Medicaid laws in recent years, the government is still concerned with the support and benefit of the elderly and their families.
“Probate” is the infamous court process that transfers property upon one’s death. In Michigan it is governed by the Estates and Protected Individuals Code (EPIC). These laws mandate that only certain property has to be probated.
The benefits can be paid to someone outside the home, (which may include family members) or to the Veteran’s spouse, or most importantly, to an assisted living facility. However, if the benefits are paid to the spouse, the funds are considered income when determining eligibility for the program.
