Asset Protection and Medicaid Planning
At Bright Hill Advisors, LLC we understand the importance of protecting your assets while ensuring you receive the best possible care in a nursing home. That’s why we offer comprehensive Medicaid planning services to help you navigate the complex rules and regulations surrounding Medicaid eligibility.
Our team of experienced attorneys and financial advisors will work with you to create a customized plan that fits your specific needs and goals. We will explore options such as creating a trust, giving away assets, and transferring property to family members, all with the goal of reducing the amount of assets you own and protecting them from being used to pay for nursing home care.
The benefits of Medicaid planning with us include:
- Protecting your assets: By creating a plan that reduces the amount of assets you own, you can ensure that your money and property are protected from being used to pay for nursing home care.
- Better long-term care: By setting money aside in advance, you may be able to secure better long-term care for yourself, as Medicaid provides only the bare essentials.
- Providing an inheritance to your children: You can protect your assets for your children’s benefit, ensuring that your life savings does not disappear to the nursing home and leaving no legacy for your loved ones.
- Avoiding the five-year look-back penalty: We will work with you to ensure that your plan complies with all state and federal laws and that you are taking advantage of all available exemptions and deductions, avoiding the five-year look-back penalty.
- Qualification for Medicaid: We will help you understand the financial qualification for Medicaid in Florida and help you to plan accordingly to qualify for Medicaid.
- Estate planning: We will help you get your estate planning affairs in order, creating a durable power of attorney and other legal documents that are necessary to protect your assets.
Don’t leave your financial future to chance. Trust the experts at Bright Hill Advisors, LLC to guide you through the Medicaid planning process and help you protect your assets for you and your loved ones. Contact us today to schedule a consultation.
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