The Importance Of Medicaid Planning For Middle Class And Lower Income Clients

The Importance Of Medicaid Planning For Middle Class And Lower Income Clients

The middle class in this country is shrinking rapidly.

For those remaining in this declining middle class, it requires every bit of intellect and wisdom to hold onto the hard-earned money you’ve worked for your entire life. If a tragic accident or illness were to unexpectedly occur, all of your assets could be wiped out in the blink of an eye.

The wealthy turn to tax planners to protect their assets. And, Medicaid is rarely if ever a consideration among the well-to-do. However, those in the middle class and those less well-off typically have minimal assets and may only have Medicaid to depend on for their healthcare needs. It is my passion to help those who may need additional financial resources to pay for long-term care and/or nursing home needs. This is done through Medicaid Planning.

What is Medicaid Planning?

Medicaid Planning is a legal process of structuring assets in a way that is permissible with the State Medicaid rules. It is for those who are the backbone of America, those with fewer and more limited assets and works with Medicare.

Most people don’t understand that Medicaid Planning can and really needs to be part of an overall asset protection plan. There is no need to spend or give away all of your assets and resources. While you are still healthy, you can create a Medicaid plan that will be in place in your time of need to protect your hard-earned assets.

Don’t wait for a crisis to happen. It could be too late. If you do, you may end up overwhelmed and go into a reactive mode that could once again wipe out what little resources you have. Give Felinton Elder Law & Estate Planning Centers a call for help with Medicaid planning.