Antelope Valley Medi-Cal Planning - Asset Protection
Medi-Cal is the California state program that administers federal Medicare payments under adjustments determined by the state to reflect local conditions and costs. For estate planning purposes, it can be important to consider the effect of an extended nursing home stay at $5,000 per month or more upon your family's ability to meet those expenses.
While estate planning to protect your eligibility for Medi-Cal benefits may cover nursing home costs, the transfers and instruments involved must be carefully structured so as not to invite an estate recovery claim by Medi-Cal to recover nursing home expenses from a decedent's estate. For more affluent families, the purchase of long-term care insurance is the safest approach to long-term disability planning.
For dependable information about planning for Medi-Cal benefits while avoiding later risk of a Medi-Cal claim against your estate, contact an experienced attorney at the Lancaster estate planning law firm of Thompson Von Tungeln. Antelope Valley Medi-Cal planning lawyers Mark Thompson and Kevin Von Tungeln are Certified Specialists in Estate Planning, Trust, and Probate Law as determined by the State Bar of California Board of Legal Specialization. Their focus on Medi-Cal planning issues in the context of your broader estate plan objectives can help protect your eligibility now while avoiding risk to your estate later.
Our California estate planning lawyers can identify the asset transfer solutions, subject to the strict regulations of the Medi-Cal program, that will establish or preserve your eligibility. We'll also make sure that your spouse receives the full benefit of his or her asset and monthly income exemptions. All aspects of your Medi-Cal estate planning will be sensitive to the possibility of a later claim to recover nursing home expenses from the estate, so all of your estate plan solutions will be structured to minimize that likelihood.
For more information about your family's best options for long-term disability planning, the attorneys of Thompson Von Tungeln, A P.C. can provide the advice you need. If your current estate plan is more than several years old, we can review your plan to see whether recent amendments to Medi-Cal eligibility or recovery procedures have affected your interests. Contact us in Lancaster for dependable advice.
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