Elder Law Group Blog

Learn About Medicaid Asset Preservation From an Elder Law Attorney

Feb 4, 2020 | Medicaid Asset Preservation

Aging in the U.S. can present a number of financial challenges.  If you’ve accumulated financial assets that you were hoping to pass along to your children or to someone else when you die, you don’t want to spend them all on long-term care if you need it.  That’s why it’s important to learn about Medicaid asset preservation.  Medicaid law is complex, and getting help from Medicaid to pay for long-term care can mean that you use up all your financial resources first, before you can qualify.  However, there are ways to protect your assets and still be able to pay for long-term care.  The best way to find out how is to talk with an elder law attorney like one of the professionals at the Elder Law Group, PLLC, of Washington state.

Medicaid Asset Preservation Strategies Offset Costs

Thinking about how you would pay for long-term care, if you needed it, can be a bit depressing.  Many people are in a sort of self-protective denial, telling themselves that they will never need this kind of care or that they’re bound to die before needing it.  However, data from the U.S. Department of Health and Human Services states that someone who just turned 65 years of age has an almost seventy percent chance of needing long-term care at some time in their future.  Don’t deal with the problem by hiding your head in the sand.  Instead, let some skilled legal professionals educate you about the issue.  The Elder Law Group, PLLC, can sit down with you and intelligently help you discuss your options.

Call to Schedule a Free Consultation With a Medicaid Asset Preservation Elder Law Attorney Today

If you’re concerned about the cost of long-term care, call to schedule a free consultation with a Medicaid asset preservation elder law attorney today.  You’ve worked hard for your financial assets, and you don’t need to let them all be spent on long-term care that you may need.  Come in and talk to us about better options.  Call us at 509-468-0551 and find out what the Elder Law Group, PLLC, has to offer.  We serve the Spokane and Kennewick, Washington, areas, and we’re looking forward to serving you.

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