Medicaid Planning

New Jersey Business Law Attorney

Medicaid Planning

To start with, you should know that Medicaid planning generally falls into the category of New Jersey Elder Law.  Elder law is a subset of Estate Planning and a vital part of it.  As experienced Ocean County estate planning attorneys, the Law Offices of DiFrancia & Price P.C.  recognizes the impact that Medicaid planning has on our aging population.  

Why is Medicaid planning so crucial?   Many only associate Medicaid with the destitute.  However, the high costs related to long-term care have contributed to the awareness of thoughtful and strategical planning in this field. It is a sad truth that many of us are caught unprepared when the situation changes, and we need to deplete assets to ensure proper care for ourselves or our loved ones. Medicaid planning is intended to make the cost for nursing homes and assisted living a reality.

Medicaid planning helps those who worked hard and saved but cannot afford the astronomical price tags associated with long-term care.  Most often, these individuals are considered middle class.  They never qualified or wanted to take advantage of benefits afforded to low-income families.  However, now that it is time to find a nursing home facility, there are not enough available funds.

How New Jersey Medicaid Planning Lawyers Help

Our Ocean County Medicaid planning lawyers have a proven track of guiding our clients and their caregivers to ensure their financial and legal decisions are made in accordance with New Jersey law. Most often, you will find yourself overwhelmed, which will necessitate professional help and guidance to fully understand how the Medicaid program works.  This should be done before it becomes necessary to make a formal application.

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What's even more important, you need to know what's required to be eligible. Our medical planning attorneys will work closely with you and your loved ones to make sure you avoid possible penalties or rejection.  This will include consultation regarding the transfer of assets.  We will also provide legal counsel on what items may be exempt from consideration.

Experienced Legal Advice for Medicaid Planning

At the Law Offices of DiFrancia & Price P.C., we always encourage our clients to bring family members to initial Medicaid planning consultations. We understand that the decisions and choices included in your Medicaid plan will impact your financial and family situation. That’s why all interested parties should be involved in your Medicaid planning process. 

You will be free to ask as many questions as you want until you feel entirely comfortable with the most suitable options based on your individual situation. Our Medicaid planning lawyers will help handle the overwhelming volume of information you need to process in order to evaluate the best long-term care scenarios. 

Our New Jersey Medicaid planning attorneys will also provide you with information concerning the timing of transferring assets.  The rules can be confusing and therefore place undue stress on you and your loved ones.  Our goal is to increase your chances of qualifying for Medicaid when you need to consider long-term care.

Contact our office to learn how Medicaid planning applies to your particular situation.  We look forward to helping you!