What is Elder Law?
Elder Law is an area of law concentrating on the legal needs of the elderly and special needs clients. A well-rounded Elder Law attorney will address a client’s general estate planning issues while also advising them on planning for incapacity and possible long-term care needs, including nursing home care. Additionally, they will have knowledge of Veteran’s Benefits, Medicaid (MO HealthNet), and other government benefit programs to assist with paying for long-term care and skilled nursing care.
Nursing Home Planning or Long-Term Care Planning
There is a lot to plan and prepare for when considering your future long-term care needs, including being prepared for potentially entering a nursing home. It’s a complicated process and each person’s situation is different. You have worked for a long time to provide for yourself and your family, and now it’s time to consider how your savings will benefit you in the later stages of your life. Planning for these expenditures now will save you time, energy, and stress down the line.
If your health begins to decline, you might need more extensive care. While you plan your estate, the possibility that you will require a nursing home or long-term care can be a difficult fact to face. It’s impossible to know for sure what type of care you will need, but the costs can add up quickly if you don’t make some sort of plan for the future. No matter what your health is like right now, you should not ignore long-term care planning when you evaluate the future of your finances.
This planning becomes easier when you have the help of an elder law attorney in Springfield, MO.
Medicaid Asset Protection
There is a lot to plan and prepare for when considering your to assist with paying for the nursing home but are worried about having too many assets, then it’s time to talk to a lawyer. A lawyer practicing in Elder Law can assist you before and during your Medicaid application process.
A lawyer accredited through the Department of Veterans Affairs can discuss with you how pension programs developed for seniors may assist with your long-term care needs. It is important to understand how your assets and potential future Medicaid needs fit into the big picture.
If you have questions about these services or would like to schedule a consultation with our attorneys, please give us a call today.