Couples' Success Stories
Couples who’ve benefited from
Elder Law planning...
An elderly couple had a significant net worth, with assets and financial reserves worth hundreds of thousands of dollars. The husband, who was approaching 90 years of age, needed nursing facility care. L & C arranged for the transfer of several properties to his wife, along with other liquid assets. The firm then filed a Medicaid application for nursing home services. The planning steps first taken allowed the man to qualify for Medicaid. Now his care is fully paid, his wife's financial needs are provided for, and the cash and holdings they'd invested a lifetime in building are protected. They won't lose it all through ruinous health care expenses, and his wife has the money to make his stay at the nursing home as comfortable as possible. Additionally, L & C then did estate planning for her, so that no matter what the future brings in terms of her own long-term health care needs, she's in the strongest possible financial position.
A woman in her 80's suffered from Parkinson's Disease. After several strokes, seizures and other complications, she became uncommunicative. All assets were held jointly with her husband, however L & C arranged for their transfer to him. This safeguarded the money from loss by "spend down," under Medicaid rules, which would have required the couple to use it to pay for her care. The firm prepared an application for nursing home care, which Medicaid approved. The result was that the couple's money was protected against loss. The husband can use still use their funds on behalf of his wife, and is able retain the lifestyle he's been used to. All of these benefits were obtained with asset protection and estate planning strategies that were implemented "at the last minute."
A man needed 24-hour care at home, with his wife no longer able to attend to his needs by herself. Carole Lamson protected his income with a pooled income trust, and then transferred all his assets to his wife. A Medicaid application was then filed for home care assistance, and was approved. L & C recently processed his recertification. The happy outcome is that he obtained and continues to benefit from around-the-clock, fully paid care. And just as important, with the planning steps taken, this couple has been able to secure their financial future, and comfortably maintain their lifestyle and dignity.
A husband and wife both needed home care. Their main source of their income and savings was German war reparations. These are normally exempt from Medicaid regulations requiring payment towards the cost of one's own care. Hundreds of thousands of dollars were involved. Carole Lamson first assisted them by proving to Medicaid that all of their money was from the war reparations, so they could qualify for benefits. Next, all their liquid assets were transferred to their children. With their income and assets now secure from Medicaid requirements that would force them to pay their own health care bills, the couple was able to get fully paid home care. Unfortunately, the mother subsequently needed nursing facility care. L & C then prepared a Medicaid application that allowed her to enter the nursing home penalty-free. This was possible because effective asset protection planning was done in advance. Consequently, in addition to all the couple's medical and health care costs being fully covered, their money and assets are safely in their family's possession, and shielded from exposure to Medicaid's "spend down" rules.
Call today to discover how you can obtain benefits every bit as excellent as these. Lamson & Cutner can be reached toll free at 1 (877) 303-1414.