Our Quad Cities Elder law attorneys are experienced in different areas of elder law including adult guardianship, powers of attorney, and Quad Cities estate planning to ensure that your needs are met. We are experienced in senior planning needs and can assist you in all your needs. We take pride in our outstanding client service and cost-effective rates and are happy to meet with you wherever it is convenient.
Please contact our friendly
Quad Cities Elder Law Attorneys
at our nearest location to schedule a free consultation:
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
Kevin O'Flaherty oversees all legal matters and is actively involved in making sure every client's case, big or small, is handled with excellence and attention to detail. He is available to contact through phone and email and his rates are available upon request.
We help you understand the process of planning for long-term care with your estate plan. Long-term care in the Quad Cities can be very expensive. Due to this, many rely on Medicaid to cover these expenses.
However, applying for Medicaid in the Quad Cities requires individuals to spend or "draw down" most of your assets. Medicaid planning using irrevocable trusts ensures that you can retain your home and possessions to pass onto your loved ones while still qualifying for Medicaid.
In this article, our Quad Cities Medicaid planning attorneys discuss the types of assets that are transferable within the Medicaid 5-year look back period.
Transfers for less than fair value within 5-years prior to applying for Medicaid can delay your eligibility for Medicaid benefits to pay for long-term care though some transfers are permissible within this 5 year look-back.
We examine the transfers that are allowed by the Medicaid penalty period if made within the five-year look-back period.