Practice Areas • Elder Law

ASSET PROTECTION

Assisting you in planning early to protect your assets

Seniors should start their estate plan early when it comes to protecting their assets for themselves and their heirs. Our strategy involves a full in depth look at the client’s financial situation and thereafter deciding what asset protection structure works best for them.

Starting your estate planning early can avoid the Medicaid “look-back” period, which is a period of five years that dates back from the day the individual applies for Medicaid benefits. Applicants to the Medicaid program in Florida should be weary of Medicaid asset cap limits. In order to be eligible for Medicaid benefits, individuals must have less than a specified amount. It is possible however to “spend down” over limit assets and income before applying for Medicaid benefits. We recommend planning early to avoid having to spend down or risk paying the high costs of nursing home care.

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