What to Know About Medicaid Planning in Pennsylvania
To learn more about Medicaid planning, reach out to our firm today to speak with a dedicated Butler County Medicaid planning attorney. Our firm is here for you each step of the way.
When should I start Medicaid planning in Pennsylvania?
In most cases, you will want to begin your planning for Medicaid coverage five years ahead of time. By doing this, you will be able to obtain a more clear idea of whether or not you will qualify for Medicaid based on your financial status. Furthermore, you will also have time to manage your funds for future planning. You will also want to start planning years in advance because if you do not prepare, you can end up with legal repercussions when it comes to a time that you can apply for Medicaid.
To learn more about how our firm can help you begin Medicaid planning, do not wait to reach out to our skilled Butler County Medicaid planning attorneys.
Am I eligible for Medicaid in Pennsylvania?
It is important to acknowledge that Medicaid is a very selective process that heavily depends on the financial status of the individual applying. Medicaid is typically reserved for those who have very few assets. You may or may not qualify for Medicaid depending on the number of assets you have.
With the help of an experienced estate planning attorney, you may be able to restructure your assets with financial planning. By doing so, you can increase the chances that you will be eligible for Medicaid coverage. Medicaid is covered in a broad range of benefits including hospital visits, nursing home care, and assisted living. In order to better understand your eligibility, do not wait to reach out to a Pennsylvania estate planning attorney that can assist you in the restructuring of assets to boost your chances of qualifying for Medicaid.
How can I restructure my assets to obtain Medicaid coverage?
You can restructure your assets in a number of different ways. Reach out to one of our experienced Pennsylvania estate planning attorneys to start this process so that you know that your health and future will be protected. You can restructure your assets by doing the following:
- Pay off debts and mortgages
- Create irrevocable trusts
- Prepay for your funeral expenses
- Make repairs to your home
- Transfer the title of your home to your beneficiaries
- Gift assets to your family members or loved ones
You can start this process by reaching out to our firm. Our dedicated legal team will be here for you each step of the way. Give us a call to put you and your health first.
CONTACT OUR EXPERIENCED PENNSYLVANIA FIRM
Whether you are dealing with matters involving estate planning, estate administration, or elder law, you need a legal team that you can feel confident will represent your best interests, every step of the way. We are that legal team. Contact Heritage Elder Law & Estate Planning today so we can get started.
