Medicaid Planning, Eligibility & Benefits
The experienced Medicaid Planning attorney at the Dobson Law Group provides comprehensive estate planning services including Medicaid Planning and Medicaid eligibility planning to individuals and their families in Greenville and throughout the Upstate of South Carolina. The federal and state laws governing South Carolina Medicaid eligibility and Medicaid benefits continue to change and are far more complicated than what most people anticipate. Our Medicaid planning attorney will help to create a road-map for Medicaid eligibility and develop an integrated legal and financial strategy to utilize Medicaid benefits to pay for long term nursing home care and protect your assets.
What is Medicaid Planning?
Medicaid planning is the development and implementation of a comprehensive strategy utilizing all applicable laws to reallocate, distribute and preserve assets in such a way that Medicaid will not take them into consideration when determining eligibility for coverage and benefits. Should you or your spouse require long term nursing home care, you will then be financially able to qualify to have Medicaid pay for the cost of care.
Medicaid planning utilizes various spend down, special needs trusts and other asset preservation strategies to provide access to things outside the scope of Medicaid without jeopardizing benefits, while protecting assets for your spouse and future generations. Don’t wait to plan! Our Medicaid planning attorney can provide the guidance throughout the planning process.
Importance of Early Medicaid Planning, Avoid Medicaid Issues & Eligibility
Most individuals and families spend their lifetime creating an estate with the objective of providing a secure retirement and for the financial benefit of spouse after death as well as future generations. However, a lifetime of prudent financial planning and decisions can be quickly devastated by the unanticipated event of you or your loved one entering a nursing home or long-term care facility. Early Medicaid planning with the assistance of a Medicaid planning attorney can assist families address or help create:
- Asset preservation strategy for future generations;
- Prevent the impoverishing a healthy elder to pay for care for his or her spouse;
- Establish special needs trust to pay for excluded items to enhance quality of life;
- Asset distribution and transfer strategy that is lawful and does not jeopardize Medicaid eligibility;
- Qualify their elder or disabled family member for Medicaid financial support;
- Help their elderly family member get into housing placement that best meets their needs and wants;
- Save the family significant money;
- Medicaid Planning Strategies by a Medicaid Planning Attorney
We recognize every individual and family situation is unique. The Medicaid Planning, Eligibility and Benefits attorney at the Dobson Law Group understands the complexities of the Medicaid program will utilize various Medicaid planning strategies to accomplish your goals and provide you with qualified options. Our Medicaid Planning lawyer can implement several Medicaid planning strategies including:
- Asset transfers
- Income only trusts
- Testamentary trusts
- Supplemental needs & Special needs trusts
- Protection of the house through Life estates
- Protection of the house through Irrevocable trusts
- Spending down strategy
- Immediate Annuities
- Increased Community Spouse Resource Allowance
Plan Now, Consult a South Carolina Medicaid Planning Lawyer in Greenville SC
Our Medicaid planning attorney can assist you in developing a custom-tailored strategy to enable you to qualify for Medicaid benefits to pay for long-term nursing home care while preserving your assets. Don’t wait to plan, contact a Medicaid Planning and Estate Planning attorney at the Dobson Law Group to discuss your Medicaid planning options and requirements today at (864)271-8171 or online to schedule an initial consultation.
The Dobson Law Group provides Medicaid Planning & Eligibility legal services to clients in Greenville County and throughout South Carolina including Abbeville, Anderson, Cherokee, Greenwood, Laurens, Lexington, Newberry, Oconee, Pickens, Richland, Spartanburg, and Union County. We are licensed in South Carolina, North Carolina, Florida, and Georgia.