Elder Law And Medicaid Planning
Each of us is getting older. Some of us have reached a point where we have raised our families and retired from work and careers. Unfortunately, illness may follow at any time. It is never too soon to plan ahead.
Your goals at this time probably include preserving your assets securely and estate planning to benefit your loved ones. A major concern is the possibility that you will need long-term care, perhaps in a nursing facility costing thousands of dollars per month. Medical care is also astronomically expensive these days.
Whatever size estate you have by now, it could be severely reduced or eliminated by these costs. But there are steps you can take, with help from our elder law attorneys, to minimize the potential losses. Located in Baton Rouge, we serve clients throughout the state of Louisiana.
Medicaid Benefit Eligibility
The most important step may be to ensure your eligibility for Medicaid benefits. You have a right to these benefits, but those with large estates may be ineligible under the regulations. There are many ways to remove property and funds from your possession that will benefit you as well as a charity or loved one.
Use Of Trusts To Preserve Eligibility
Life insurance trusts, and revocable and irrevocable trusts, can reduce estate taxes and preserve Medicaid eligibility. Ask us about the new estate tax law — you can make gifts while you are alive and can see your loved ones enjoy them.
Social Security And Medicaid/Medicare Claims Lawyers
At Ezell Law Firm, LLC, we take the time to get to know our clients and their needs. We are happy to answer questions and look forward to serving you.
If you need the assistance of an established law firm with an impeccable reputation, we encourage you to contact us in East Baton Rouge and surrounding communities. We are happy to offer a phone consultation about Social Security Disability or other elder law matters. Please call us at 225-763-2272 or 888-511-8717 toll-free.