The Connection between Medicaid and Estate Planning
Medicaid is a government program that was designed to provide financial assistance for people over the age of 65 and those who are disabled. Medicaid was designed to help individuals who could not afford medical expenses. Currently, many middle-class Americans use Medicaid to pay for expensive medical care at the end of their lives.
To avoid draining your finances in order to qualify for financial assistance, it is important to work with experienced Greensburg Medicaid attorneys. At David K. Lucas & Associates, we have more than 40 years of experience working with individuals throughout Western Pennsylvania to protect their assets and their family through Medicaid application process.
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Because there are financial limits on who can qualify for Medicaid, many people worry about managing their finances when they go to a nursing home. People think they will either need to drain their financial resources to pay for a nursing home or spend their assets to qualify for Medicaid.
When you contact our firm, we can help you manage your resources in order to qualify for Medicaid. Although there are laws governing asset transfers, we can help you transfer assets through gifts while still adhering to the federal gift tax rules.
We know this can be overwhelming, but we work with clients to make the process as efficient and simple as possible. To learn more about the most effective ways to manage your assets and finances, contact us online or call 724-835-8440 to schedule your free initial consultation with an experienced lawyer.