As you or your loved ones begin to age, it is a good idea to think about how you will protect your assets should you ever need to apply for Medicaid. If you wish to qualify for Medicaid without having to first exhaust most of your assets, there are strategies that can be used to protect many of those resources. Early planning allows for maximum asset protection.
How the Process Works
This process begins with a Medicaid Asset Assessment. During this time, we will gather information about your and your spouse’s income, resources, and health. Attorney Kelli Allen will analyze all the data supplied and recommend various strategies for protecting the maximum amount of assets.
These strategies may include:
- Setting up an irrevocable trust
- Strategic Gifting/Loaning using Medicaid-Complaint Promissory Note
- Making allowable purchases
- Transferring assets
- Purchasing Medicaid-Complaint Annuity or long-term care insurance
Learn more by contacting our Charlotte elder law attorney at the Law Office of Kelli Y. Allen, PLLC!
Contact a Lawyer You Can Trust
At the Law Office of Kelli Y. Allen, PLLC, we are dedicated to helping clients navigate the often confusing world of elder law and come out with protected assets and a sense of security. At our firm, we have a personalized, caring atmosphere and we treat you with all the respect you deserve. We are a small law office with responsive attention and we provide personalized service to those who come to us for help.
When you put your trust in us, we can go straight to work on securing you the most favorable outcome. Our Charlotte elder law attorney will make sure you feel like your needs are being heard, and we will do everything in our power to exceed your expectations. With our vast amount of knowledge in elder law, rest assured you are in good hands with the Law Office of Kelli Y. Allen, PLLC.
Start on protecting your assets by requesting a consultation.
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Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (704) 870-0340.
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"Thanks for Kelli we put together a very solid case and beat the odds."D.L.
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