ELDER CARE Planning
Most people over age 65 will need long-term care at some point in their lives, and the cost of this type of care is exceedingly high. Everyone should include long-term care planning in their estate plan. Medicaid will help pay for long-term care in some cases but there are strict asset and income limitations. Elder Care Planning involves preserving as many assets as possible while still qualifying for Medicaid.
I can assist in Texas Elder Care Planning in the following areas:
How to qualify for nursing home Medicaid, evaluating income and assets for the application process
Ladybird Deeds – preparation of a deed which transfers property but still allows the grantor to apply for nursing home Medicaid
Elder Care Planning (Miller, Qualified Income) Trusts – preparation of a trust which qualifies an individual for nursing home Medicaid even if their income exceeds the Medicaid eligibility limit