It is something nobody wants to think about, but the reality is that either you or your spouse (or both of you) may require long-term or nursing-home care one day.

Life expectancy has more than doubled since the turn of the century.   If you make it to 65, chances are you’re going to live to 81 if you are a man and to 84 if you are a woman.  As a result, nearly one of every two women and one in four men will find themselves in a nursing home sometime in their lives.

Unfortunately, Medicare will not pay for it.

Most people think they have to “spend down” or give up most, if not all, of their assets before the federal-state Medicaid program will cover their nursing home expenses.   Without a plan, you may be leaving your spouse destitute, unable to properly care for their needs.  With solid planning, this does not have to be your fate.  Our attorneys can show you the legal techniques and strategies that will allow you to be covered by Medicaid and still keep your home and many of your assets.

The laws governing Medicaid planning are always changing, and some strategies that were once allowed are no longer viable.  Also, many of the currently available techniques require the passage of time before all assets are fully protected.  Accordingly, you should not delay exploring these options if this type of planning seems appropriate to your situation.

Please contact one of our elder law attorneys to obtain additional information.