When it comes to the finer details of elder law and Medicaid, it can be a challenge to understand your situation. The complexity surrounding the many aspects of elder law can lead to a variety of feelings, including both stress and anxiety.
When you contact Krueger & Hernandez, you will be in good hands at all times. We know what it takes to help you better understand your situation, allowing you to make the right decisions now to ensure a better future.
What is Elder Law?
As you know, elder law is a broad term that encompasses a variety of issues, all of which could potentially impact elderly and disabled individuals. From Medicaid to long term care, there are many important topics that must be discussed and planned for early in life.
With the cost of nursing home care increasing, your savings and retirement accounts can be wiped out soon enough. As a result, you will not have nearly as much, if anything, to leave behind to your family.
At Krueger & Hernandez, we have come across every Medicaid myth imaginable. Despite the fact that things are always changing, we are here to help you understand the current laws and how you will be affected.
Don’t worry about the many Medicaid myths that have held so many others down. Let us show you the way, allowing you to feel good about this part of your estate plan.
Medicaid Asset Protection
When it comes to Medicaid asset protection, when a law changes so does your approach. For example, the recent passing of the Deficit Reduction Act has impacted some of the strategies that were used in the past.
Fortunately, there are still options to consider including:
- Paying for certain Medicaid expenses
- Setting up an irrevocable living trust
- Making gifts to family members
Baraboo and Madison Wisconsin Elder Law and Medicaid Advice
It doesn’t matter if you are dealing with your own estate planning or attempting to assist a loved one, when you contact the Baraboo and Madison Wisconsin elder law and Medicaid professionals at Krueger & Hernandez you will feel better about the decisions you are making.
We know the ins and outs of elder law, with a focus on Medicaid. The timing of your decisions is very important, so don’t delay in contacting us to discuss your situation.