Cape Cod Medicaid Planning Lawyer
Cape Cod Medicaid Planning Attorney
When you decide to pursue an estate plan, there are multiple elements you may want to consider that may not immediately come to mind. One of those is Medicaid planning. Medicaid planning helps individuals get the care they will need in a nursing home or long-term care facility. You may want to secure such personal funding and put it in a trust, which can protect your interests. To assist in developing this, you may want to reach out to a Cape Cod Medicaid planning lawyer.
The legal team at Albanese Law, LLC can provide you with the right kind of legal support to establish a plan for Medicaid. Without the help of an experienced Cape Cod Medicaid planning attorney, you may make some costly mistakes if you try to establish protections on your own. You will want someone by your side who understands Medicaid planning laws and has considerable experience with Medicaid planning cases similar to yours. We can help.
Why Should You Hire a Medicaid Planning Lawyer?
There are many reasons why you should hire a Medicaid planning lawyer. First and foremost, you will want someone who understands the kind of help you need. Working around Medicaid and ensuring you are still working within Massachusetts state law, as well as federal law, can be difficult alone. We can assist you. Matthew Albanese is not just a decorated attorney, but also the president of the Massachusetts Chapter of the National Academy of Elder Law Attorneys.
According to recent statistical data gathered by the Office of the State Auditor, approximately two million individuals access the state’s Medicaid program, MassHealth, every year. In 2024, MassHealth expenditures totaled over $20 billion. This program is quite common, not just for elderly individuals, but also for eligible children and people with disabilities. It’s an important program, and you want to make sure you can plan your needs within the program’s scope.
When you reach the age where Medicaid becomes a necessity, it can be difficult to know what your exact needs from the program are. Additionally, there may be other areas of your life you are worried about. There’s nothing wrong with asking for help if you need it. You may want to consider reaching out to a local support group that focuses on elderly care, such as the Centers on Aging (COA) or Elder Services of Cape Cod. They may be able to help you.
Helping You Understand Your Medicaid Planning Options
Key Strategies for Medicaid Planning
Medicaid planning involves preserving assets when necessary and establishing provisions for long-term care and coverage. Seniors and disabled individuals are usually the people who need to consider Medicaid planning the most. You don’t want to end up in a program that’s bending or breaking the law by providing you subpar coverage. There are some key strategies for Medicaid planning that you want to consider.
The most effective way to plan for your Medicaid needs is to establish an irrevocable trust to hold money specifically intended for Medicaid use. By using a trust to hold assets, you can still maintain some degree of control. Additionally, you don’t want to delay. It’s vital that you start planning as soon as possible to avoid complications.
Contact a Medicaid Planning Lawyer Today
At Albanese Law, LLC, we can provide you with the resources you need. Contact us to speak to a member of our legal team about your case.
