When your outlook on life changes, your legal needs may undergo a great shift as well. In Maryland, few people have to worry about tax issues when they die, but virtually everyone needs to consider the possibility of a long illness or stay in a nursing home. When you receive news or a diagnosis that increases the probability you will need skilled nursing care, it is worth it to consult a skilled attorney to advise you how to best handle legal and financial matters. An elder law attorney can help you plan ahead for health problems on the horizon or deal with an ongoing health crisis.
If you have a challenging health diagnosis, but are not yet in need of care, then you may be able to engage in estate planning techniques that protect assets against nursing expenses down the road. The safest way to do this is to give assets to an irrevocable trust that neither you nor your spouse are in charge of. If sufficient time passes before applying for medical assistance, these assets are protected against nursing home costs. The funds can then be used to help care for the family without risking the health and welfare of whomever needs medical assistance.
In the event of an illness with the likely need for more immediate nursing home care then there may still be options. Some assets are excluded from your includable resources. Moreover, you may be able to pay down debts or get a medical assistance annuity for a spouse. The technicalities, drawbacks, and benefits of all these options can be clearly explained by a skilled Elder Law attorney who thoroughly understands the rules of Medical Assistance.
Hiring Attorney Dennis M. Twigg is an investment in you and your family’s well-being. He will provide expert advice to make sure you know all of your legal options in case you should have a serious health issue. Dennis M. Twigg has a wealth of experience in Carroll County courts and has helped folks throughout the area including Westminster, Eldersburg, Taneytown, Manchester, Sykesville and Mt. Airy. He is licensed in Maryland and Pennsylvania and has assisted clients in York County and Adams County. Dennis has successfully obtained Medical Assistance for dozens of satisfied clients and worked to protect family resources since 2009.
If you need help with your elder law or estate planning matters, get in touch today by calling (410) 848-4444, or to see what others have said about us, please read our reviews online.