Our Rock Island County elder law attorneys have the experience and experience to help you with all of your senior planning needs. We have experience in all areas of elder law including adult guardianship, powers of attorney, and estate planning to ensure that your needs are met and we take pride off our outstanding client service and cost-effective rates and are happy to meet with you in your home or at any location convenient to you.
Please contact our friendly
Rock Island County 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.
In this article, our Rock Island County elder law attorneys discuss the process of planning for long-term care with your estate plan. Long-term care can be very expensive and because of this, people rely on Medicaid to cover the expense of long-term care.
However Medicaid 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.
Our Rock Island County Medicaid planning attorneys explain which 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 explore the types of transfers that do not transfer a Medicaid penalty period if made within the five-year look-back period.