An elder law attorney provides assistance with issues that can shape your future. While many people believe that only senior citizens can benefit from the services offered by an elder law attorney, the reality is that anyone who becomes sick, or wants to protect their future financial situation should talk with an elder law attorney about the services they provide.
At Kuhn & Kuhn, we help you prepare for the uncertainties of life. Not only can we work with you to create a retirement plan, but we can also help you prepare for incapacity and protect your family after your death.
We help individuals of all ages and at all income levels, small businesses and family owned farms. Our attorneys provide considerable legal skill to work to ensure you are prepared no matter what the future brings. To find out more about the services an elder law attorney can provide, just give us a call at (843) 577-3700. Or, keep reading to get answers to questions you may have about elder law and Medicaid planning services including:
- What does an elder law attorney do?
- What is Medicaid planning and why is it important to make a Medicaid plan?
- How can a Charleston elder law and Medicaid planning attorney help you?
What Does an Elder Law Attorney Do?
Elder law attorneys can aid with the creation of a last will and testament and pay on death accounts; accounts that make it possible for assets to be transferred as quickly as possible after a death happens. They can also identify what types of tax-advantaged accounts (like IRAs) you should put money into in order to have a secure retirement. And, elder law attorneys assist you in creating a plan that nourishes your nest egg throughout your life and after you pass one. These tools can be used to keep assets safe from creditors, allow a business to pass quickly to new owners so it can continue to thrive, reduce estate taxes, and to otherwise put the maximum processions in place for your money and family. Whatever your situation, when you work with an elder law attorney, our firm will discuss your goals and help you implement a plan to achieve these goals.
What is Medicaid Planning and Why is it Important to Make a Medicaid Plan?
Making a Medicaid plan is vital because you could end up relying on Medicaid to cover your most expensive costs as a senior. Medicaid coverage is incredibly important because Medicaid is the only source of financial support for nursing home care in the majority of situations. Medicare and private insurers restrict coverage only to situations where skilled nursing care is needed. Most seniors need custodial care, or basic help with activities of daily living, which is not covered at all.
Because Medicaid is means-tested and you cannot qualify if you have too many assets, you could be forced to pay out of your pocket for nursing home car. Only after impoverishing yourself and forever losing the chance to leave a legacy would Medicaid finally begin to cover your nursing home care. With help from an elder law attorney, however, you can get your care costs covered quickly and qualify for Medicaid while protecting assets that you want to hand down to loved ones. The sooner you act to put a plan in place, the more likely it is you will be able to keep much of your wealth off limits.
How can a Charleston Elder Law and Medicaid Planning Attorney Help You?
Kuhn & Kuhn will help with Medicaid planning and with taking the other steps necessary to prepare for whatever life sends your way. To find out more about how a Charleston elder law attorney and Medicaid planning lawyer at our firm can help you, give us a call at 843-577-3700 or contact us online today.
