Elder law attorneys help families prepare for long-term care needs and provide for loved ones after death. They have a wide range of expertise in estate planning services that address concerns at later stages of life. When you are beyond 50, needs can become more immediate with declining health, causing accidents or illnesses that require extended recovery or result in permanent incapacitation.
Whether you are a working family, retiree, or active senior avoiding the need for long-term care in a nursing home facility, Mombrun Law, PLLC can help. Professional advice avoids common mistakes and potential problems related to Medicaid qualification, veterans benefits, asset protection, powers of attorney, trusts, and more. Proactive planning ensures you have multiple options and can choose how to budget expenses, protect assets for family members, and determine your level of care and quality of life. We prepare you for needs like:
- Medicaid qualification, application, claims, and appeals
- Qualified Income Trust/Medicaid Asset Protection Trust/Veterans Asset Protection Trust
- Veterans pension, compensation, aid and attendance, and survivor benefits
- Living trusts and living wills
- Powers of attorney
- Preservation and transfer of assets to avoid spousal impoverishment
- Long-term care planning
- Tax planning
- Special needs or supplemental needs trusts
- Probate avoidance
If you live in Florida, Mombrun Law, PLLC, can explain how to tackle your fears and figure out where other problems exist based on the laws and regulations of the state. We can help you protect your assets while ensuring you have the necessary resources for long-term care services.
Florida Long-Term Care Medicaid Planning
Long-term care is expensive whether you purchase long-term care insurance upfront or pay for it out of pocket in the future. Not addressing the issue of long-term care is a big gamble considering that 52 percent of Americans turning 65 will need some long-term care services in their lifetime. Mombrun Law, PLLC, can guide you through Medicaid, veterans planning, or estate planning to help you qualify for benefits to pay for long-term care.
For many seniors, Medicaid will be the main funding source for a nursing home. There are income and asset limits for Medicaid eligibility, but certain assets, such as a primary residence and car, are not counted toward the limit. Since Medicaid is known to provide health care benefits for low-income people and those with disabilities, many people don't believe they can qualify for Medicaid benefits.
Without the help of Medicaid to cover Florida long-term care at home, in assisted living, or a nursing home, many families would quickly lose their homes and other assets they hoped to leave to their family members. In Florida, the average annual cost for care is between $60,000 and $126,000, depending on the level of care you need. However, legal strategies allow you to become eligible for Medicaid. It is a complex process to do it properly and avoid penalties that delay benefits.
Proactive Medicaid Planning
Mombrun Law, PLLC, can help you understand Medicaid coverage and how to prepare for Medicaid eligibility. Medicaid has a five-year lookback period to see if you have transferred or gifted assets that would disqualify you from benefits. Preparing to qualify before you need coverage gives you time to manage your expenses, legally move assets, and avoid a financial crisis.
While proactive planning offers the most options, it's still possible to reduce long-term health care costs, such as nursing home care, assisted living care, and rehab, in an emergency. You don't have to make critical decisions and deal with complex paperwork on your own.
HOW WE CAN HELP
We can advise you on the best way to protect your assets for your heirs while maintaining eligibility for Medicaid and other benefits. We take a comprehensive approach, ensuring that every available resource is uncovered to create a custom plan to pay for long-term care.
Mombrun Law, PLLC can provide comprehensive legal advice for families in Tampa and St. Petersburg, Florida, and the counties of Pinellas, Sarasota, Manatee, Hillsboro, and Pasco. Our firm focuses on estate planning, elder law, bankruptcy, and business. We know legal issues can be complicated, but we can explain them and help you make the best decisions for your unique situation.
CONTACT US TODAY!
Reach out to Mombrun Law, PLLC, to schedule a free consultation. We look forward to hearing from you. Please feel free to call 321-216-2040 or use the form below.