Effective Assistance With Medicare And Medicaid Planning
New Medicaid laws may require more planning, farther in advance. At Richards & Richards, LLP, we can assist in determining how to best accomplish your goals. We are sensitive to your needs and in handling elder care issues. If you are considering Medicare or Medicaid planning you should consult an attorney as soon as possible.
Five-Year Look Back
When you apply for Medicaid benefits, the government will review the past 60 months of your finances for any transfers or gifting of any major assets or property. Any major transfers or gifts will be subject to penalties. This is done to prevent people from trying to make their financial situation appear worse than it is to qualify for Medicaid.
This means that you need to begin taking action now to prepare for a future when you may need every available potential benefit.
The elder law lawyers at Richards & Richards LLP have been providing assistance to the elderly and their families throughout western Pennsylvania for two generations.
The lawyers at Richards & Richards, LLP, are able to come to your home, a health care facility or another place that is convenient for you to handle your elder law matter.
The lawyers at Richards & Richards, LLP, understand that each client has their own individual needs. Each client’s estate plan is tailored to his or her individual needs and includes a comprehensive analysis of asset ownership allocation. Therefore, we have the experience to effectively assist with a wide range of estate planning needs, including:
- Wills — A will can be the cornerstone for any estate plan from the most basic to the most complex.
- Trusts — A trust can be tailored to serve an immense variety of highly specific needs.
- Living wills — Also known as a health care directive, a living will can clearly indicate your wishes regarding end-of-life care.
- Powers of attorney — Powers of attorney allow people to transfer decision-making power to another person. People often use these to transfer financial decision-making power or the power to make health care choices should they become incapacitated.
We can also assist with the probate process and estate administration.
Helping People Plan For The Future
Our experience allows us to offer our clients representation that can help them prepare for whatever their future needs may be. Call 412-261-2620 or contact us online to schedule a free initial consultation.