Miller, Poole & Lord, LLP can show you how to use Medicaid planning trusts, asset Preserving Your Eligibility for Benefits While Protecting Your Assets
The concerns elderly Americans over issues such as nursing home care, Medicaid and Social Security have made elder law one of the fastest growing, rapidly changing areas of legal practice today. Careful planning can not only ensure the kind and quality of nursing care you want, it can keep long-term care costs from depleting your entire estate. Our lawyers can show you how. Serving clients in York and Adams Counties and the surrounding parts of Pennsylvania for over 30 years, Miller, Poole & Lord, LLP is a premier law firm offering effective guidance and legal services for elder law concerns. Call or contact us to schedule an initial consultation today.
Our Practice
Some of the more common elder law related services provided by our attorneys include Medicaid planning; Long-term care planning; Long-term care insurance; Durable powers of attorney; Guardianships; Asset protection; Wealth transfer planning and Inheritance and estate tax planning.
Avoiding the Recovery Claims of Medicaid Providers
In Pennsylvania, Medicaid benefits are administered by Department of Public Welfare. Unlike Medicare, these state benefits and services provided can come at a heavy price. Essentially, once the person who received the benefits dies (the spouse too, if married) - the Department of Public Welfare can make what is known as an estate recovery claim against your estate for the value of what they've provided. This can significantly reduce the estate and leave little or nothing for beneficiaries. Avoiding recovery claims or a government spend-down of assets requires proper planning with regard to Medicaid's 5-year look back period. The attorneys at transfers, annual and one-time gifting exceptions and other effective strategies to preserve your eligibility for benefits and protect your assets at the same time.
