Troy Medicaid Planning Attorneys
We Can Help You Obtain the Benefits You Need
Though Medicaid is a program designed to make healthcare more accessible to families who would not be able to afford it otherwise, applying for the program can be complex. The application involves a lot of work and the review process can take a long time— time that many people cannot afford. Barron, Rosenberg, Mayoras & Mayoras’s estate planning and elder law attorneys serving in Troy, Oakland County, and surrounding areas offer Medicaid planning services are focused on making sure you or your loved one can be properly cared for.
Call (248) 213-9514 if you or a loved one need help with Medicaid benefits.
Confirming Your Eligibility for Medicaid
Medicaid was created for low-income families. While the program is meant to help people, the government’s fear of fraud has resulted in an outrageous qualifications process that requires applicants to go through a lot of work to prove they are an eligible candidate. If your total assets are estimated over $12,500 or, if married, $25,000 then the application process is going to be more complex. If your income is over the eligibility requirements for Medicaid, there are several legal strategies you can use to receive the benefits anyway.
Some strategies for qualifying for Medicaid include:
- Setting up an irrevocable trust that will reduce the applicant’s countable assets and protect them for future use.
- Transferring money to a spouse when the applying spouse needs to move into a nursing home.
- Setting up a Qualified Income Trust that can be used to pay medical bills and will be forfeited to the government after the applicant’s passing.
- Establishing an annuity that will provide a healthy spouse receives monthly payments from an insurance company while the applicant spouse receives nursing home care under Medicaid.
- Spending excess assets by paying off debts, making home renovations, and other large spending investments that can be passed on to beneficiaries in a will or trust.
Why Hire a Medicaid Planner?
Even if you do not automatically qualify for Medicaid, there are several ways to reach the limit so that you or your loved one can receive the benefits you need. It is in your best interests to work with an experienced Medicaid planner who can make the most out of your current assets and help you legally qualify for Medicaid. Our experienced estate planning lawyers serve Troy, Oakland County, and the surrounding areas. We are very familiar with Michigan’s Medicaid procedures and can guide you through this complex system.
Contact Barron, Rosenberg, Mayoras & Mayoras today by calling (248) 213-9514.
We are grateful for his guidance and would definitely recommend BRMM.
“Don, has also taken care of the planning for my husband and I to protect our future heirs. We are grateful for his guidance and would definitely recommend BRMM.”
I would recommend them 100 times over.
“They treat you like family and walked us through the entire Medicaid process for my mom, as well, as made sure our POA documents were in place. I couldn't be more grateful for their kindness, help, and guidance.”
- Van Zweden Famil
Strong, ethical, principles.
“When you have confidence in your lawyer, such as I found with Andy Mayoras and other members within his law firm, I fully trusted that my position was going to be zealously represented in an upstanding and professional way. I have nothing but deep respect ”
- George L.
The attorneys at BRMM exceeded all our needs and expectations during this trying time.
“Our family can not thank them both enough for their great work. We highly recommend their services for anyone's elderly care needs.”
- Kevin D.
Barron, Rosenberg, Mayoras & Mayoras P.C. was a Godsend.
“When I count what few blessings I am fortunate to have, Barron, Rosenberg, Mayoras & Mayoras P.C. is one of them.”
- Former Client
- Estate Planning,
When you make an estate plan, one of the most important goals is to establish the legal framework for distribution of the property in your estate. Provisions in a last will and testament can ...Read More
- Estate Planning
Trusts are an important estate planning tool that can address a wide range of goals as part of a carefully structured, thorough estate plan. An irrevocable life insurance trust is a specific type of ...Read More
- Estate Planning
If you own a cellphone, computer, tablet, or another electronic device, you probably own digital assets. Those assets should be part of your estate plan, just like the other property that you own. ...Read More