MA Planning for Private Client

Hannon Taylor Ford

Practice Area:Elder Law

Outcome:Successful Plan Completion

Description:Client and Spouse, concerned with cost of nursing home as spouse is entering. After putting together a thoughtful Medical Assitance Plan client's apply and recieve Medical Assitance. Client's successfully gift large sums of money to their children and protect a maximum spousal share for the spouse remaining in the community. The exempt assets are placed into a revocable living trust for the community spouse in order to avoid probate and claims by the county in order to reimburse the government for Medical Assistance paid on behalf of the long term care spouse. Children recieve an early inheritance in order to qualify parents for MA sooner.