Avoid losing your assets to the cost of long-term care
Without proper planning, you could lose your assets due to the high costs of long-term care at home or in a skilled nursing facility (nursing home). In fact, your assets might not even be able to cover the cost of your care.
At Poulos Law Firm, we handle a wide range of legal matters affecting older or disabled persons. For example, Arizona, as with every state, has very specific laws about what can and cannot be in a will, trust, advanced medical directive or power of attorney. There are also very specific laws about who can and cannot serve as a personal representative, trustee, health care surrogate or even an as attorney for the elderly. In addition, even though Medicaid is authorized by the federal government, each state is responsible for administering the program at a local level. Therefore, the laws can vary greatly from state to state.
Poulos Law Firm can help with any one of the following:
- Solutions to the financial burden accompanying a disability
- Eligibility planning for nursing home care or home care
- Use of long-term care insurance for home care or skilled nursing facility (nursing home) care
- Protecting lifetime assets with Medicaid eligible asset transfers
- Avoiding the Medicaid nightmare — denial of benefits
- The effect of changes in the Medicaid and Medicare health insurance laws
- The use of Medicaid “community spouse” rights, homestead exemptions, and resource and income allowances to establish eligibility for Medicaid benefits and protect assets
- Exempt Medicaid transfers to qualified family members
- Medicaid approved spend down of assets as part of Medicaid planning
- Guardianship proceedings for incapacitated individuals
- The use of the healthcare proxy and living will to make healthcare decisions if you are disabled or incapacitated