Boston Medicaid Planning Lawyer
Protection of Your Assets in The Event of Nursing Home Placement
Medicaid planning helps individuals ensure that they get the care they require in a nursing home, long-term care facility or even at home. Unless these funds have been protected through tools such as a trust, the government can draw money from retirement savings, Social Security payments, and other sources of income and assets for both the institutionalized spouse and the spouse residing at home.
The financial and legal issues that are often faced by families of elderly individuals who are faced with a transition to an elder care facility can be overwhelming. Attorney Matthew Albanese, a skilled Medicaid planning attorney, has nearly a decade of both public sector and private sector experience assisting individuals through the legal issues concerning estate planning and elder law with a strong emphasis on Medicaid planning in Boston and through eastern Massachusetts. As the President of the Massachusetts Chapter of the National Academy of Elder Law Attorneys, Mr. Albanese collaborates with other experts in this field on a monthly basis.
Helping You Understand Your Elder Law And Estate Planning Options
Long-Term Care Considerations
Boston residents seeking Medicaid (MassHealth) coverage for long-term care must navigate strict eligibility rules, including a five-year look-back period on asset transfers. As of August 2024, over 1.6 million Massachusetts residents are enrolled in Medicaid, with 24% of the state’s population covered by Medicaid/CHIP. Medicaid planning often involves strategies like creating irrevocable trusts or restructuring assets to meet eligibility thresholds. The state allows applicants to retain only $2,000 in countable assets, making early planning essential to protect family resources and qualify for benefits.
If you need expert legal guidance for Medicaid planning, contact Albanese Law LLC today. Attorney Matthew P. Albanese brings nearly a decade of experience in both public and private sectors, focusing on estate planning and elder law with a strong emphasis on Medicaid planning. As President of the Massachusetts Chapter of the National Academy of Elder Law Attorneys, Attorney Albanese collaborates with leading experts in the field, ensuring you receive knowledgeable and up-to-date legal support.
Reach out to a Boston Medicaid Planning Lawyer from Albanese Law LLC for personalized assistance and protect your family’s future with confidence.We will examine every available option to protect your financial assets. Proper long-term care requires looking at all possible strategies and tax consequences associated with those strategies. Qualifying for public benefits and the possibility of multiple benefit programs such as Medicaid and VA benefits are also factors that need to be considered.
More importantly, there are last minute crisis planning options which can save your family thousands of dollars.
We understand the complex laws in the area of Medicaid estate planning, and we help our clients and their families qualify for assistance in order to meet their long-term care goals.
Law Firm Assisting The Elderly With Their Financial Needs
Contact us for more information regarding Medicaid planning and estate planning tools for families in Massachusetts. Arrange a complimentary consultation with an experienced lawyer. Call the Milton office of Albanese Law, LLC, to schedule an appointment at 617-698-8004.
