You’ll sit down with an Elder Law attorney who will make a detailed assessment of your situation, your financial status, your needs for health care now and in the future, the needs of your spouse or others close to you, and your estate plan. The consultation will focus on how to get the care you need or might need in the future, and how to pay for it. If Medicaid benefits are desired and are appropriate, the process of gaining approval of an application for home care or nursing facility care will be thoroughly explained to you. The firm will map out an effective strategy to protect as much of your money, income and assets as legally possible, and to create your estate plan at the same time.
For effective planning, if you are making any transfers of your assets now, the five-year look back period must be taken into account.
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