Equal Justice Law Group Will Work With You To Save Your Hard-Earned Assets From The Nursing Home.
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Rely On Our Sacramento Assisted Living Planning Attorneys To Provide Maximum Legal Protection For Your Legacy.
There are many options for assisted living planning. Depending on your specific life circumstances and goals, one or more of the following may be used:
Asset exempting – There are certain assets that are exempt from being counted when it comes to qualifying for Medi-Cal. You can legally shelter your assets by converting them from a non-exempt classification to an exempt classification.
Gifting – Some seniors attempt to circumvent the eligibility requirements by giving all of their assets to their family members, but Medi-Cal has a 30 month “look back” period; essentially, it considers any assets that you gave away within 30 months of applying to count as your resources. You can make gifts earlier than 30 months, with careful planning.
Creating a trust – An irrevocable trust is a legal tool that owns assets outside of your name. You are still able to manage the assets in the trusts by setting certain terms, but they do not count towards your Medi-Cal eligibility. Properly drafted trusts can escape Medi-Cal recovery claims and minimize taxes!
Planning For Long-Term Care Costs Can’t Wait. Call Equal Justice Law Group Today To Book A Free, No-Obligation Consultation!
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