If you have personal assets and real estate equity by the time you hit your late '50s, over $200k, it's not a bad idea to explore this legal shield against Medicaid and probate.
Davide Ivaldi
D"Legal Shield Against Medicaid and Probate"
Court probate is expensive, dealing with long-term medical situations will entitle the government to drain everything you have otherwise.
Davide Ivaldi
T"Extremely Informative Elder Law Seminar"
Attended the elder law seminar to gather information regarding living trusts for my family’s future, and it was extremely informative.
Tiffany Polus
T"Extremely Informative Seminar"
The elder law seminar was extremely informative.
Tiffany Polus
S"Loved the info and help"
Our paralegal Crystal was very nice and helped with all my questions.
Sheila Vandergraff
S"Love, Loved, Loved the Info"
Our paralegal, Crystal, was very nice and helped with all my questions.
Sheila Vandergraff
A legal shield against Medicaid and probate
If you have personal assets and real estate equity by the time you hit your late '50s, over $200k, it's not a bad idea to explore this legal shield against Medicaid and probate. Court probate is expensive, dealing with long-term medical situations will entitle the government to drain everything you have otherwise. The main defense these guys do is set up a living trust that acts as a separate legal entity that can't be touched by the government when a family member goes into long-term nursing homes or hospice.
I've heard some people argue that they just give it away to their kids before the government can take it. You just have to make sure you time it right, you have to do that at least 5 years in advance because Medicaid has a 5-year look-back period inside which they charge the kids to reclaim it to pay for your medical bills.
For people who are in debt, it doesn't matter because there's nothing for the government to take so they just provide it for free. For people that are really, really rich, it doesn't matter because they can just pay for whatever senior living they want. It's that middle class in between that gets hosed.
Davide Ivaldi
Legal Shield Against Medicaid and Probate
If you have personal assets and real estate equity by the time you hit your late '50s, over $200k, it's not a bad idea to explore this legal shield against Medicaid and probate. Court probate is expensive; dealing with long-term medical situations will entitle the government to drain everything you have otherwise. The main defense these guys do is set up a living trust that acts as a separate legal entity that can't be touched by the government when a family member goes into long-term nursing homes or hospice.
I've heard some people argue that they just give it away to their kids before the government can take it. You just have to make sure you time it right; you have to do that at least 5 years in advance because Medicaid has a 5-year look-back period inside which they charge the kids to reclaim it to pay for your medical bills.
For people who are in debt, it doesn't matter because there's nothing for the government to take so they just provided for free. For people that are really, really rich, it doesn't matter because they can just pay for whatever senior living they want. It's that middle class in between that gets hosed.
Davide Ivaldi
Extremely Informative Elder Law Seminar
Attended the elder law seminar to gather information regarding living trusts for my family’s future, and it was extremely informative. The food was great too!
Tiffany Polus
Extremely Informative Seminar
Attended the elder law seminar to gather information regarding living trusts for my family’s future and it was extremely informative. The food was great too!!
Tiffany Polus
Loved the info and help
Love, loved, loved the info. Our paralegal Crystal was very nice and helped with all my questions. I will recommend all my older friends! Thanks.
Sheila Vandergraff
Love, Loved, Loved the Info
Love, Loved, Loved the info. Our paralegal, Crystal, was very nice and helped with all my questions. I will recommend all my older friends! Thanks.
Serving West Lafayette, Lafayette and beyond
Guardianship Lawyer Lafayette
At Rice & Rice, we understand the gravity of guardianship cases, and our guardianship lawyers can guide you through the complex legal terrain that’s involved. From filing for guardianship to objecting to or replacing a guardian, our guardianship attorneys can ensure that the best interests of your loved ones are always at the forefront. At , our approach is thorough, compassionate, and well-informed by the nuances of elder law. When it comes to making crucial choices for those who can no longer make those decisions for themselves, you don’t have to go through the process alone.
For a consultation and to learn more about how we can help you with your guardianship case, please call (219) 240-0450.
At Rice & Rice Attorneys, we bring over 50 years of experience in elder law and estate planning to our communities in Indiana, Illinois, and Michigan. Led by Cliff and Donna Rice, we focus on compassionate, personalized legal guidance to help you protect your assets and loved ones.
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