Attorneys Offering Assistance With Medicaid Planning
It is a common misconception that the only way to qualify for Medicaid and receive benefits to assist with nursing home expenses is to spend down savings until the requirements are met. Depending on your circumstances, however, more appropriate options may be available.
At Monahan Law Group, LLC, our Medicaid and estate planning lawyers will assess your situation and assist you in reorganizing your assets to increase your chances of qualifying for Medicaid. We provide legal guidance to individuals in Chicago and throughout Illinois.
Why Planning Now Is Important
The importance of planning for Medicaid while you are still in good health cannot be overstated. It takes time to assess your financial situation and determine the best ways to reorganize your assets to qualify for Medicaid. You must also consider Medicaid’s five-year look-back period.
When you apply for Medicaid, the government will review your financial situation over the five years prior to the date of your application. For this reason, it is important to have proper planning completed at least five years before your need for Medicaid arises. Planning now is essential because it is difficult, and often impossible, to determine when exactly you will need Medicaid.
Our Medicaid planning attorneys have decades of experience. We will assist you in finding a solution that fits your needs.