Looking to set up a plan for long-term care but don’t know where to begin? The Law Firm Of Myrna Serrano Setty, P.A. is here to provide you with the guidance you need.
Planning for long-term care while balancing the preservation of your assets can be a delicate balance to strike. Add to this already difficult ordeal the many complex rules associated with Medicaid eligibility and things prove all the more challenging.
If you or a loved one are in a position where you need long-term care, you’re not left with any options but to face these challenges. Navigating the process will likely leave you feeling uncertain about the future and worried about how to best protect your family’s finances, all while needing to secure essential healthcare services.
Medicaid planning law firm The Law Firm Of Myrna Serrano Setty, P.A., serving Land O’ Lakes, FL, and beyond, exists to make Medicaid planning simpler, clearer, and more accessible for you and your loved ones. We know just how critical the decisions surrounding your healthcare are and are fully dedicated to providing you with the guidance necessary to make a well-informed decision that supports your financial and healthcare needs.
Our years of experience in Medicaid planning means you’ll have a reliable partner that helps you strategize effectively and secure the benefits that allow you or your loved ones to receive the quality of care necessary without risking your assets.
Medicaid planning is a specialized approach to structuring your finances to meet Medicaid eligibility requirements for long-term care benefits without depleting your personal savings. Medicaid is a federal-state program that helps those with limited income and resources cover medical costs they have, including nursing home and in-home care.
Qualifying can be incredibly difficult to do, however. With strict limits on income and assets, many are under the impression that they must spend down in order to qualify. This isn’t necessarily always the case. Planning in advance means you’ll be better positioned to protect your assets and ensure you meet the requirements to qualify without draining your family’s resources. This is even more relevant for families with special needs. Special needs Medicaid planning can provide an especially tailored strategy and resources to develop a plan that meets their unique set of needs.
Partnering with a Medicaid planning attorney is essential for anyone who is looking to qualify for Medicaid benefits while preserving their assets. Medicaid eligibility depends on strict financial criteria, including income limits and asset caps. Many families oftentimes need to structure their finances strategically and take a number of measures to realize their goals just to qualify. These include:
One of the fortes of the Medicaid eligibility attorneys at The Law Firm Of Myrna Serrano Setty, P.A. is providing the following Medicaid planning services:
We help you safeguard your assets by placing them in exempt categories or structuring them in such a way that they are not counted against Medicaid eligibility.
We work with you to ensure your income aligns with what it needs to in order for you to qualify for Medicaid. We do this in several different and creative ways, including making use of trusts and various exemption strategies.
We create Medicaid-compliant irrevocable trusts that are designed and crafted to preserve your family’s wealth and ensure your eligibility without compromising your assets or requiring you to spend down a single dollar.
Non-applicant spouses need to be financially protected and maintain a source of income for day-to-day life. We keep this in mind as we design your Medicaid-focused long-term care plan.
The Law Firm Of Myrna Serrano Setty, P.A. | Land O’ Lakes, FL
Medicaid planning is more than just meeting eligibility requirements. It’s about safeguarding your family’s future. The team at The Law Firm Of Myrna Serrano Setty, P.A. is committed to providing you with comprehensive planning services that secure your care and financial well-being. We’re ready to support you through every step of the process, from assessing eligibility to creating a custom strategy that meets your unique needs.
Take control of your future and gain processes peace of mind. Email or call us at (813) 686-7175 today and schedule a consultation to explore how we can help you achieve your Medicaid-related goals.
(By Appointment Only)
2236 Ashley Oaks Circle
Suite 102,
Wesley Chapel, FL 33544
Phone: (813) 686-7175
Business Hours are 9:00AM to 4:00PM
