Medicaid is a vital program that provides access to long-term medical care for eligible individuals. However, for Florida residents over 65, navigating Medicaid’s strict qualification requirements can be challenging. These standards are complex and vary based on your assets, income, and specific health needs. For seniors in Palm Beach County, Broward County, and other Florida communities, understanding and meeting these requirements often requires careful Medicaid planning.

Medicaid planning in Florida helps individuals and their spouses who may not currently qualify for benefits due to their financial situation. By strategically organizing your assets and income, you can ensure that you or your loved one becomes eligible for this essential resource without jeopardizing your financial stability.

The Millman Law Group, founded by Aaron D. Millman, Esq., CPA, specializes in helping Floridians plan for their future with confidence. Our team brings a wealth of experience to Medicaid planning, offering personalized strategies tailored to each client’s unique circumstances.

If you’re ready to explore your Medicaid planning options with the guidance of a knowledgeable and compassionate attorney, contact The Millman Law Group today. We are here to help you secure the care and support you need while preserving your financial health.

When Is The Best Time to Start Medicaid Planning with the Millman Law Group? 

If a person fits into any of the following categories, we advise them to start Medicaid planning with their lawyer in Florida:

• Start Medicaid planning when the older adult is still well so you have time to consider your options as they save their assets for their heirs.
• When both couples require medical assistance, a family may go bankrupt if care is arranged without proper planning.
• One spouse decides to leave the family home, while the other requires care. Either one spouse must reside in the home or the property must satisfy specific equity requirements in order to be safeguarded.

To find out if you are eligible for Medicaid, give The Millman Law Group a call.

Protect Your Family Assets with Medicaid Planning

Before being accepted into Medicaid, an individual must meet a cap on their assets and income. You might need to sell assets before you can qualify for Medicaid and use its services, depending on your financial circumstances. You can use Medicaid planning in Florida to reduce or eliminate the risk of liquidation. Your attorney can assist you in this by: 

• Creating trusts
• Managing finances
• Converting income-producing assets into exempt assets
• Protecting family homes
• Handling asset transfers

You can meet stringent Medicaid eligibility requirements while protecting your assets with these techniques. 

The Key to Successful Medicaid Planning in Florida: Start as Soon as Possible

Planning for your long-term care should begin as soon as possible. You will have a lot more time to get ready for any unforeseen illnesses or accidents in the future if you begin planning while you are still well. The Medicaid application process in Florida can be drawn out and could take up to 60 days to finish. The placement process in the program may then take even longer. You might have to work within a certain time frame if you intend to receive Medicaid assistance soon. 

You have a better chance of becoming eligible for Medicaid if you can trust your knowledgeable estate planning lawyer. Planning for Medicaid with your Florida attorney can help you create a stable future if you don’t have long-term care insurance. 

Comprehensive Estate Planning Services from The Millman Law Group

To draft a comprehensive estate plan including elder care provisions, your estate planning attorney will employ a variety of techniques. Among these tools are:

• Revocable Trusts: You have the ability to change the terms of a revocable trust, end it, and have assets taken away from it while you are still alive. Beneficiaries of a trust can avoid protracted conservatorship and probate procedures following your passing.
• Living Wills and Health Care Proxies: If you are unable to make medical decisions for yourself, your living will and proxy will specify your desires. 
• Durable Power of Attorney: When a person is unable to make decisions regarding their own property, a durable power of attorney might help.
• Wills are necessary in order to transfer assets.

If you want to be in charge of what happens to your property after you die, estate planning is crucial. Making an estate plan is the best way to guarantee that your desires are carried out.

Sample Our Client Reviews

Read through some of our client testimonials to find out more about the help and support we provide to our clients in Florida:

• “Mr. Millman is wonderful. He assisted my family immediately and relieved us of a lot of stress and uncertainty. He answered all of our questions thoroughly and walked us through the process step by step seamlessly. I would recommend him to anyone in need of an estate attorney. Thank you so much, we are very appreciative!” – Jillian R. 
• “My husband and I had a great experience with Aaron Millman and his staff; we have used him as our attorney for a number of years, and he has written and revised our trust and will with clear explanation and in a timely manner; his staff is a pleasure to work with, as well.” – Barbara F. 

Contact The Millman Law Group to Start Medicaid Planning in Florida

Millman Law Group, PLLC is one of the only law firms that offers life planning in South Florida. From life care planning to the preparation of detailed estate plans, Millman Law Group has committed to serving Floridian elderly communities in Boca Raton, Palm Beach County, Ocean Ridge, Hillsboro Beach, and many other areas since 2018. Our dedicated team specializes in special needs trusts and catering to any age demographic because we know that it’s never too early to start preparing for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, LinkedIn, and Pinterest. You can also contact us at 561-463-6480.