Medicaid Planning Support
Ehrhardt Law Firm » Medicaid Planning Support
As a lawyer practicing in elder law, you understand the intricacies involved in assisting your clients with Medicaid applications. The term "Medicaid planning" encompasses a broad spectrum of services all aimed at preparing potential Medicaid applicants for a successful application process. At Ehrhardt Law, PLLC, we offer comprehensive Medicaid planning services to help your elder law clients navigate the complexities and secure the benefits they deserve.
UNDERSTANDING MEDICAID PLANNING
Medicaid planning involves various forms of assistance provided to individuals seeking Medicaid eligibility. From collecting and preparing essential documents to restructuring financial assets, the process can range from simple to highly complex. Our experienced team is well-versed in the nuances of Medicaid planning, ensuring that your clients receive expert guidance throughout the entire process.
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One of the significant challenges in Medicaid planning arises when an individual's income or resources exceed the financial eligibility limits. Our team can assist in converting excess income into Qualified Income Trusts (Miller Trusts) or explore strategies where income is spent down on medical expenses. For those with excess resources, we can help educate on how to turn countable resources into non-countable ones. Our legal and financial expertise ensures that these transactions are executed correctly, preventing potential Medicaid ineligibility. Dealing with spousal long-term care can be particularly challenging. When one spouse requires care while the other can live independently, dividing their incomes and assets requires careful consideration. Further, our Medicaid planners are equipped to address these complex situations and find optimal solutions to benefit more than one spouse at a time while preserving their financial well-being.
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We take pride in offering expert Medicaid planning services to elder law clients. From addressing financial eligibility limits to navigating long-term care, we are committed to finding tailored and effective solutions for each client. Partner with us to provide your clients with the best chance of securing Medicaid benefits while preserving their financial stability. Contact us today to explore how we can collaborate to support your elder law practice and empower your clients in their Medicaid planning journey.
