With the increasingly high costs of long-term care in the state of Arkansas, proper planning is essential to ensure that you or your loved one will receive good quality care without draining your nest egg to nil. Our firm serves clients in all stages of long-term care planning, from those who are in need of immediate long-term care to those who wish to develop an enhanced estate plan that will withstand future nursing home expenses.
Emergency Long-Term Care Planning
The future is unpredictable. When unexpected health concerns arise and you have no plan, our firm can help you make one. Our elder law attorneys approach emergency long-term care planning with two goals in mind:
- To preserve as many family assets as possible
- To reduce the stress involved in emergency long-term care planning
The Arkansas Medicaid Program presents limitations on income and assets for individuals seeking to apply for full or partial government benefits. The State would like you to believe that if the value of your estate exceeds these limitations, you must private pay nursing home bills until all of your assets have been liquidated and spent down. However, this is a common misconception. Before you private pay for long-term care, discuss your current situation with one of our elder law attorneys.
For clients who need emergency long-term care planning, our firm lessens the emotional and financial burdens that come with emergency planning by leading clients through the entire Medicaid process. Our attorneys will advise clients as to the legal approaches available for preserving and re-allocating an individual’s assets to achieve eligibility for government benefits and assist clients with the proper applications required to redeem those benefits.
Our attorneys understand the value of your life-savings and the importance of preserving your legacy for future generations. To the surprise of most, a Will or even most Trusts will not protect your life-savings from nursing homes or Medicaid liens. With properly-timed planning, our attorneys can ensure that your estate is protected during your lifetime and eventually passed on to your loved ones according to your wishes. Consult with our elder law experts to ensure that it is protected from the increasing expenses associated with long-term care.