MEDICAID AND ELDER LAW ATTORNEY IN BRUNSWICK, OH
One of the primary goals of a person, particularly as that person reaches advanced age, is to maximize and protect their property that they have worked for for years. Similarly, the desire to pass their valuable property to loved ones is equally important. At the same time, an elder must accept the reality of the cost associated with medical care during an advanced age, and the potential for placement into a nursing home. The costs for nursing home care are naturally quite high. At the same time, through proper estate planning and preparation for elder care, an individual can ensure that the proper medical services will be provided while, at the same time, shelter their property to insure, upon the passing of that person that the majority of that person's property is preserved and transferred to that person's family or friends. A Medicaid Irrevocable Trust is one of the safest estate planning tools available to an elder to achieve these goals. However, creating the Trust and transferring designated property into the Trust at the appropriate time are the most significant aspects of this form of estate planning.