People approach growing older in different ways. Some just ignore the fact that they don't have as much energy or are as strong as they once were. Fortunate seniors enjoy their retirement years traveling and doing the things they never had time to do when they were busy with careers and children to care for. Some prudent older individuals recognize there may come a time when they need extra help and care. They know careful Medi-cal planning Los Angeles others have talked to them about is very important.
Some avoid bringing up the topic of long term care with friends and family preferring to pretend the time won't come at all when they have to make decisions for their health or have decisions made for them because they are no longer in a position to decide for themselves. Others are more pragmatic and realistic. They know unexpected things happen all the time, and want to be prepared for them.
It just makes sense to get your affairs in order when you are still strong and alert enough to make informed decisions. Going into a nursing facility is not the first choice for most people, but it may become the reality. If this is the case, you want to be in a position to retain the assets you have amassed over your lifetime. If you don't, you may find yourself without the resources you need to ensure the most skilled care available.
Medi-Cal is one of the options you have if you are a California resident. Most people mistakenly presume this kind of government assistance is only for the neediest citizens, but that is incorrect. Even those with substantial assets can qualify if you have someone on your side who has the knowledge and expertise to wade through the state's changing rules and regulations. This is probably not something you can tackle on your own.
If you are married, you and your spouse can currently retain ownership of your home and have over one hundred thousand dollars in cash and still qualify for state benefits. The unaffected spouse can make an unlimited amount of money each month, and the affected spouse will still be able to get financial consideration.
If you are single, you can keep your house, car, and a few thousand dollars in cash and still be eligible. For those with more assets than the program allows, the services of a good attorney will be necessary to figure out to retain those assets and still qualify for assistance.
The state of California is currently trying to change the rules about how they can recover money paid out in Medi-cal after a person dies. They can go after the deceased's estate unless assets have been transferred out of their name before that happens. Once again, you and your family will need a good lawyer to help you make the necessary plans to avoid the state suing for recovery.
Growing old is not easy, and it can be even tougher if you need long term care. You have a right to any assistance available to help you and your family through these difficult years.
Some avoid bringing up the topic of long term care with friends and family preferring to pretend the time won't come at all when they have to make decisions for their health or have decisions made for them because they are no longer in a position to decide for themselves. Others are more pragmatic and realistic. They know unexpected things happen all the time, and want to be prepared for them.
It just makes sense to get your affairs in order when you are still strong and alert enough to make informed decisions. Going into a nursing facility is not the first choice for most people, but it may become the reality. If this is the case, you want to be in a position to retain the assets you have amassed over your lifetime. If you don't, you may find yourself without the resources you need to ensure the most skilled care available.
Medi-Cal is one of the options you have if you are a California resident. Most people mistakenly presume this kind of government assistance is only for the neediest citizens, but that is incorrect. Even those with substantial assets can qualify if you have someone on your side who has the knowledge and expertise to wade through the state's changing rules and regulations. This is probably not something you can tackle on your own.
If you are married, you and your spouse can currently retain ownership of your home and have over one hundred thousand dollars in cash and still qualify for state benefits. The unaffected spouse can make an unlimited amount of money each month, and the affected spouse will still be able to get financial consideration.
If you are single, you can keep your house, car, and a few thousand dollars in cash and still be eligible. For those with more assets than the program allows, the services of a good attorney will be necessary to figure out to retain those assets and still qualify for assistance.
The state of California is currently trying to change the rules about how they can recover money paid out in Medi-cal after a person dies. They can go after the deceased's estate unless assets have been transferred out of their name before that happens. Once again, you and your family will need a good lawyer to help you make the necessary plans to avoid the state suing for recovery.
Growing old is not easy, and it can be even tougher if you need long term care. You have a right to any assistance available to help you and your family through these difficult years.
About the Author:
To assess your eligibility for medi-cal planning Los Angeles lawyers are the best people to seek advice from. Arrange for a consultation today through http://susanbgeffenlaw.com/medi-cal-planning.
Aucun commentaire:
Enregistrer un commentaire