Medicaid Pre-Planning

Illinois Medicaid Pre-Planning Lawyer

Many seniors go on Medicaid benefits to cover the cost of living in a nursing home or other long-term care facility. Planning for applications early on gives you a better chance of being eligible to receive benefits when you need them most. Our Illinois Medicaid pre-planning lawyer meets with families to structure their finances so that income limits do not lead to a denial of Medicaid. Trust Bott & Associates, Ltd., to bring peace of mind to you and your loved ones, knowing that your wealth and legacy are protected.

Medicaid Pre-Planning Attorney Serving Illinois

If you don’t plan ahead for Medicaid, you could end up depleting your assets to pay for long-term care. Our Illinois Medicaid pre-planning lawyer can help make sure that doesn’t happen. We take you through every step of the financial restructuring process so you can remain in control of your legacy and still be eligible to claim Medicaid.

We encourage families to begin strategizing early. Not only does having an estate plan give peace of mind, but it also protects you from potential financial penalties. All assets need to be transferred at least five years before you apply for Medicaid. The five-year “look-back period” is a review of your finances that could lead to legal implications if you are in violation of these regulations.

An effective asset protection method is setting up an irrevocable trust. This estate planning tool keeps you in charge of who benefits from your estate, but transfers the assets out of your name. This way, significant property like your home can’t be used when Medicaid calculates your income. Trusts also make the inheritance process more seamless for beneficiaries after you pass.

Medicaid pre-planning gives you, your loved ones, and our attorney an opportunity to discuss the future. We can work this service into other estate planning needs so that you can feel confident your wishes will be honored if you become incapacitated or pass away. Many are hesitant to have these emotional conversations with their family members, but when everyone is informed and prepared, it makes decisions less stressful in the long run.

Why Experience Matters in Medicaid Pre-Planning Services

It’s hard to predict when you will need Medicaid benefits. Waiting to figure out the eligibility protocol until the bills roll in puts your assets and legacy at risk. Medicaid pre-planning should be part of your estate plan, which is why working with the right law firm is so important. Our team takes a comprehensive assessment of your estate to create individualized solutions based on your unique situation. Your best interests are our number one priority, and we will handle legal aspects so that what you want to happen with your legacy is followed explicitly.

Maritess Bott founded our firm in 2007, dedicating her legal career to estate and elder law. For decades, attorney Maritess and her team have helped individuals in Illinois and across the country plan for Medicaid and keep hard-earned assets in the family. When you choose to work with our estate planning lawyer, you get the benefit of:

• Over 20 years of legal experience
• Nationally recognized attorneys
• Personalized guidance
• A compassionate, client-centric approach

You built a wonderful life for yourself and your family. Don’t let your assets slip away because you didn’t plan for your future healthcare needs. Instead, schedule a consultation with our Illinois Medicaid pre-planning lawyer now. Our team at Bott & Associates, Ltd., will assess your situation and make custom recommendations that safeguard your legacy and ensure you can transfer wealth to your heirs.