Protect your North Fort Myers Estate and Pay for Your Long-Term Health Care
The people who are best prepared for their golden years are those who understand that planning for those years is a lifelong activity. North Fort Myers residents who have had the foresight to talk to an estate planning professional should take that discussion a step further and talk about protecting assets and paying for long-term health care.
Elder Law
Elder law is a field of legal practice that deals with most of the concerns people have as they get later in life. The protection of assets, Medicaid planning, and estate planning are three major components of elder law.
However, the title “elder law” can be a bit misleading. The truth is that the sooner you protect your assets and set up your estate to be able to pay for long-term health care, the more peace of mind you will have as you go through life.
Protecting Your Assets
When you apply for Medicaid, you will get a look-back review that examines how you handled your assets over the previous five years. Careless handling of your assets could cost you months of Medicaid eligibility. But getting involved with an elder law expert who can use trusts and other legal methods to protect your assets means that your family will not lose out on the family home, and it is also possible that you can protect your liquid assets as well.
Long-Term Health Needs
It takes money to be able to live in an assisted living facility, and most people turn to Medicaid to help pay for those long-term living costs. You could plan earlier in life for your long-term health care needs by getting long-term care insurance that will pay for your assisted living costs and allow you to live out your golden years in peace.
You can also utilize the services of an elder law expert to prepare for your Medicaid application process and protect those assets that might otherwise cause problems with Medicaid. A good elder law attorney will do their best to make sure that your assets are protected and that those assets do not affect your ability to get the Medicaid assistance you are entitled to.
Distributing Your Assets
Your North Fort Myers estate is something you spent your entire life building, and you want to be able to provide for your family after you have passed on with the assets from that estate. A good elder law attorney can do their best to make the arrangements that will allow for your assets to be distributed just as you wanted them to be. Your North Fort Myers estate is important to you, and our legal team is here to help you protect that estate and be able to pay for your long-term health care costs through Medicaid planning. Give us a call today and let us use our experience to give you peace of mind.