Rochester Medicaid Planning Lawyers
Experienced Rochester Medicaid Planning Lawyers Providing Medicaid Planning Services In Rochester
When you begin preparing for retirement it’s essential that you start developing a plan to protect your life savings, home, and other assets. Planning ahead has a wide range of advantages and the experienced Medicaid Lawyers at Friedman and Ranzenhofer are here to help you get started.
Let’s start by explaining how medicaid works. Medicaid is jointly administered by federal, state, and local agencies. Medicaid is a public health program that provides long-term care options for those individuals who are disabled or chronically ill. In order to gain access to Medicaid you will have to pass very strict eligibility requirements. The attorneys at Friedman & Ranzenhofer understand the value of your life’s work, and can help you create the financial instruments required to have the health care options you need, while protecting the things that are most important to you.
Experienced Rochester Medicaid Planning Lawyers Providing Proper Planning For Medicaid Eligibility in Rochester
Most people think that in order to be eligible for Medicaid they must be in dire circumstances. This is not the case. With the right financial and estate planning, you can control how your giving will be directed, protect assets like your home, and have access to long term at-home care or a nursing home.
Medicaid eligibility requirements are complex. Savings in excess of about $15,000 will disqualify you, as will a monthly income over $1,200 between you and your spouse. Assets like a home can easily leave you locked out of a system you’ve been paying for during your working life, and deciding to spend down savings you’ve carefully built over decades.
Plan For Your Future
At Friedman and Ranzenhofer, we will use durable, enforceable fiduciary tools in order to ensure we help your family achieve your goals for the future. We will use a variety of different instruments to make certain that we protect the assets and people you care most about while at the same time making sure you will have resources and tools to prosper in your golden years. Our Rochester Medicaid Planning Lawyers will use trusts and promissory notes to annuities and caregiver agreements to analyze your resources and needs. After this we will develop a strong, well-rounded strategy to meet your goals.
In addition, we handle the complex application process for Medicaid, ensuring that your planned financial picture meets eligibility requirements and that you’re prepared in the event of a crisis. Whether you are already retired, planning to do so, or are looking to the future for parents or grandparents whose health is a concern, the attorneys at Friedman & Ranzenhofer can help you protect yourself, your estate, and your loved ones from all contingencies.
Protect Your Life’s Work
The experienced attorneys at Friedman & Ranzenhofer approach every client and case with the compassion and attention to detail it deserves. The goal of all our Lawyers is to help you address your concerns and help you find the best solutions to your elder law matter. Schedule a free consultation with one of our experienced Rochester Medicaid Planning Lawyers today.