If you are concerned about your life legacy being spent on your health care, please contact us for a free consultation regarding your health care planning needs. Few people wish to see their life savings spent on hospital expenses through the final years of life. With proper planning, you can prevent your legacy from being squandered on healthcare and medication.
At Streich Law Offices, P.C., we can help you protect and preserve your estate, while building a sound model for your future healthcare. Our long-term care planning strategies involve the proper use of special trusts and other estate planning tools to help you meet your goals.
Long-Term Care Planning for Your Future Health and Wealth
Some of our clients are concerned about qualifying for government benefits to pay for their long-term care. Qualifying for Medicaid comes down to two issues — Asset Qualification and Income Qualification. We have tools to address both of these issues, and we can help you protect your estate while putting yourself into position to be eligible for Medicaid benefits.
The most common tools used to reach this goal are trusts. If your income is too great to qualify for benefits, we can help you prepare an Income Cap Trust to allow you to qualify for benefits!
We apply a range of strategies and tools to help you build a secure future, such as:
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Special Needs Trusts
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Asset Reorganization
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Asset Transfers
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Gifting
Long-term care planning is not intended as a way to circumvent laws, but to prevent the loss of home, property and key assets in the wake of a major healthcare event. Addressing your concerns before you are in immediate need of long-term care is an important step, particularly with the passage of the Deficit Reduction Act, which requires that the State review five years of your asset protection strategies to determine qualifications.
Whether you are in need of future or immediate need of long-term care planning, Streich Law Offices, P.C. will work with you to help you reach your goals.
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