Austin Medicaid Planning Lawyers
Unfortunately, as people get older, some of them will develop debilitating diseases that will eventually render them unable to care for themselves anymore. When this happens, these individuals are placed in nursing homes, where direct care is readily available and medical assistance is on hand at all times. Nursing homes are costly and prove to be a huge financial burden over time. Funds put away for retirement and assets saved up over the years can be lost to the bills associated with this type of medical support.
You can prevent the loss of your money and protect yourself through the proper Medicaid planning. The Austin Medicaid planning lawyers of Slater, Kennon & Pugh LLP can help you learn more about this method of preparation for the future. Please contact our offices today at 512-338-1100 to speak with one of our qualified attorneys about your situation.
What can Medicaid Planning do for you?
If you properly plan for the monetary burden of long-term medical care, you can protect your assets from being lost to nursing home costs. While no one knows in advance how their health will be years down the line, the proper preparation can protect them and their families from possible financial ruin.
The following are options are all methods one can utilize in order to not only keep others from touching their assets, but also more easily qualify for Medicaid:
- Irrevocable trusts
- Changing non-exempt assets to exempt assets
- Spending down
- Purchasing long-term care insurance
- Buying annuities
Nursing home costs, on average, amount to $75,000 per year. The bills for funding several years' care in one of these facilities are enough to drain anyone's retirement account. Don't let yourself lose the majority of your assets. Contact the Austin Medicaid asset protection attorneys of Slater, Kennon & Pugh LLP today to find out more about how you can protect yourself.
Contact Us
If you would like to learn more about Medicaid preparation, the Austin Medicaid planning attorneys of Slater, Kennon & Pugh LLP can help you. We are dedicated to helping people like you protect themselves against the loss of their assets to medical bills. Please contact our offices today at 512-338-1100 to speak with one of our lawyers about your circumstances.