Missouri Elder Law

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ELDER LAW AND MEDICAID PLANNING

MEDICAID PLANNING

Paying for long term care can creep up and surprise families. A common misconception that exists is that having paid into various programs over you lifetime will create a safety net which will pay for your long term care.  THEN THE BILLS START ROLLING IN. "Whoops!"
There exists a misconception, even among attorneys, that families of moderate to significant wealth can't qualify for Medicare benefits.  The truth is that with the proper planning, Medicare and other seemingly unavailable government programs are 100% available.  A word of warning however, the process is complicated, and if handled improperly, can lead to a dire situation.

 

OUR SERVICE TO YOU

  • Obtain Medicaid and other government benefits to pay for skilled nursing and/or in-home care.
  • Maneuver you through the jungle that is Medicaid's Rules and Regulations.
  • Preserve your assets for yourself and for your family and loved ones

EXAMPLE FROM THE FILE CABINET

socialJoe and Jane Smith, aged 72 and 70 - 50 years ago they bought a farm. This small farm is now paid off and worth over $500,000 dollars. Joe and Jane have both been diagnosed with Alzheimers and are looking at spending 10 to 15 thousand dollars a month for nursing care. Luckily Joe and Jane were helped by the Missouri Elder Law Firm and placed their assets in the appropriate trust & other asset protection vehicles in enough time. The entire farm was protected and Medicaid will pay for the nursing home coverage.

If you or a loved one is about to enter the nursing home or they are already in the nursing home and have not performed appropriate Medicaid Planning you are experiencing a "Medicaid Emergency" and should immediately click below.


ELDER LAW

The lions share of Elder Law involves Medicaid Planning.  Another aspect can involve a variety of issues which often include finance, health and family psychology

 

OUR SERVICE TO YOU

  • Solve problems for older or disabled people by thinking outside of the box when needed
  • Address need that go beyond legal planning
  • Avoid or curtail court proceedings

EXAMPLE FROM THE FILE CABINET

bobBob (61) and Sue (52) own several rental properties worth over $750,000.  Bob has children from a prior marriage and started collecting rentals as a young man.  Sue has unexpectedly passed away.  Bob learns from The Missouri Elder Law Firm that without any planning, the rental properties will have to go through probate.  This process can take a long time and be somewhat costly.

Bob sets up a living trust with the help of Missouri Elder Law Firm that takes these concerns into account and ensures these assets avoid probate.  He also sets up a limited liability company to own the rental properties with the trust owning the limited liability company.  Bob now has added protection from creditors and lawsuits.