Medicaid is in place for people who have health needs but lack the financial stability to seek out care on their own. While Medicaid is beneficial to those who qualify, many people simply don’t due to the amount of assets in their possession. While these assets disqualify them for Medicaid, that doesn’t mean they can afford the exorbitant costs of long-term care.
Walk-In Wills wants our clients to be able to look at the future with confidence. That’s we provided Medicaid planning assistance to people in New Mexico. There are certain ways you can structure your estate plan so that your Medicaid benefits are not taken away.
No matter your age or state of health, Medicaid planning should be a part of estate planning discussions. While you can save money for long-term care, or even invest in long-term care insurance to cover costs, these options might not be feasible.
In this case, you’ll need to structure your estate plan in a certain way to ensure you remain eligible for Medicaid benefits. You can do so in the following ways:
Long-term care planning is on the minds of many people, including those who won’t need assistance for many years. We can help you make the proper alterations to your estate plan so long-term care options are available. We’ll also help you with other processes, including living wills and powers of attorney.
