Work with your elder care attorney to prepare for your future.
Most people will require the assistance of an attorney at some point in their lives. Older adults face many challenges, which can be made easier with the guidance of a skilled and specialized elder care attorney. These attorneys are informed of the intricate details of estate planning, Medicaid planning, and long-term care planning. If you want to ensure that your golden years are spent well and that your health, finances, and heirs are cared for, you can reach out to The Millman Law Group and your elder care attorney today. We can help you navigate the following situations.
Estate Planning
Regardless of the size of your estate – which includes your wealth and all assets – estate planning can be a challenge. However, it is critical to take the time to properly put your affairs in order, especially as you age. It can be difficult to think about, but taking steps to provide for your surviving family can help you have some peace of mind.
Estate planning is always done best with an elder care attorney. Estate planning involves more than creating a will but can often include creating trusts, executing Advance Directives, determining guardianship, and managing the future of your businesses or properties. The elder care attorneys at The Millman Law Group also specialize in estate planning. They are prepared to help you navigate the many decisions involved and the tax implications of managing your estate.
Medicaid Planning
Medicaid is a federal program that provides healthcare to elderly adults as well as low-income adults, children, and people with disabilities. Whether you are eligible to receive Medicaid benefits depends on your income and resources. If you qualify, Medicaid can pay for healthcare premiums and out-of-pocket medical expenses and even help pay for custodial and long-term care expenses.
In order to use Medicaid to pay for nursing home care, your application must be successfully submitted, which is often a specific and arduous process. You may need to partake in Medicaid planning with your elder care attorney to legally position your income and assets to qualify for this program. A successful Medicaid plan will enable you to receive the program’s benefits while retaining enough of your assets or income to support your surviving spouse or family.
Long-Term Care Planning
Long-term care is often necessary but just as often expensive. Many aging adults find that they eventually need to move in with a loved one, live in an assisted living facility, or reside in a nursing home. Creating a plan for that care ahead of time will help you manage the transition when the time comes.
To cover expenses, you may consider long-term care insurance, which is better to get as early as possible. An elder care attorney experienced in proper Medicaid and estate planning can also help you make smart financial arrangements to prepare for possible long-term care.
Estate Planning Made Easy With Millman Law Group
Millman Law Group, PLLC is rare because it’s one of the only law firms that offer 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 also specializes in special needs trusts and catering to any age demographic because we know for certain it’s never too early to start preparing you and your family for your future. For the latest news in estate planning and elder care law, follow us on Facebook, Twitter, Linked In, and Pinterest. You can also contact us at 561-463-6480.