Long-term Care Planning - Protections of AssetsProtection of Assets
Planning for protection of assets and future in-home or nursing home care can be done both long term and short term. The planning strategies will differ, depending upon a person's health, assets and planning concerns and goals.
Because of the changes in the MO HealthNet (formerly Medicaid) law planning has changed significantly and some of the planning opportunities have indeed been limited. However, there are still various strategic plans that can be used to help preserve assets. Often these strategies must be implemented several years before a successful application for benefits can be made.
Planning can also be utilized for persons whose assets exceed the need for MO HealthNet benefits to pay for long-term care. Strategies can be developed to utilize finances to result in a stream of income to pay for either in-home or nursing home care. Working with a financial advisor, we make sure the proper estate planning documents are in place to ensure our client's well being.
The attorneys at Martha C. Brown & Associates will help with long-term planning and assist in determining the best planning strategies to protect assets and ease concerns while still meeting goals for the future. It's never too early to consult with us.
Contact this St. Louis Elder Law firm to plan ahead to protect assets in the event of the need for nursing home care.
Martha C. Brown & Associates, LLC assist clients with Estate Planning, Elder Law and Probate in St. Louis City, St. Louis County, St. Charles County, Jefferson County, Franklin County and the surrounding areas including Arnold, Ballwin, Barnhart, Bellefontaine Neighbors, Black Jack, Bonne Terre, Brentwood, Bridgeton, Cedar Hill, Chesterfield, Clayton, Crestwood, Creve Coeur, Crystal City, Des Peres, DeSoto, Ellisville, Farmington, Fenton, Festus, Ferguson, Florissant, Fredericktown, Frontenac, Hazelwood, Herculaneum, High Ridge, Hillsboro, House Springs, Imperial, Kirkwood, Ladue, Lake St. Louis, Manchester, Maplewood, Maryland Heights, Mehlville, Normandy, O'Fallon, Olivette, Pacific, Pevely, Richmond Heights, St. Ann, St. Charles, St. Clair, St. Peters, Ste. Genevieve, Sunset Hills, Town & Country, University City, Union, Valley Park, Washington, Webster Groves, Wentzville , Wildwood.
The information provided on this website is a public service and is not intended as legal advice. Such advice should be obtained from your personal attorney.