Medicaid Asset Protection Attorney in Louisville
Medicaid Asset Protection
Protecting Kentucky families' life savings while qualifying for the long-term care benefits they need.
Don't Let a Health Crisis Wipe Out a Lifetime of Savings
Studies show that approximately two out of every five people reaching age 65 will need some type of long-term care. Without proper planning, you may be required to spend down your personal assets — assets you and your family worked hard to build — before Medicaid will pay.
The good news is that we can help qualify you for Medicaid and protect your assets for you and your family. Unlike Medicare, Medicaid is a government program that pays long-term care costs. The rules are complex and change frequently, but we have the knowledge and experience to navigate them to your advantage.
Free ConsultationTwo Paths to Protection
Whether you're planning years ahead or facing an immediate need, we have strategies that work.
Proactive Planning
If long-term care insurance is not an option, one planning technique is to transfer assets into a Medicaid Asset Protection Trust, preserving them for your spouse, children, or other beneficiaries. When properly drafted, the trust provides asset protection with significant tax benefits — including elimination of capital gains taxes — and trust assets will avoid probate.
- Medicaid Asset Protection Trusts
- Exempt asset strategies
- Special Power of Appointment
- Capital gains tax elimination
- Probate avoidance
Crisis Planning
Even if nursing home care is already a reality or imminent, planning opportunities exist to protect a substantial portion of your assets. Proper use of the Medicaid transfer rules allows individuals to provide security for themselves and a legacy for their families, while ensuring they will receive the long-term care they need.
- Medicaid-compliant annuities
- Promissory note strategies
- Grantor Retained Annuity Trusts (GRATs)
- Spend-down planning
- Medicaid applications & appeals
Every Plan Starts with Your Situation
A careful analysis of each individual's personal and financial situation must be done to formulate the proper plan. Factors such as income from Social Security, pensions, and investments; the nature and value of assets; age and health; family situation; and other considerations must all be evaluated.
Free Consultation
We review your income, assets, health situation, and family goals — no charge, no obligation.
Custom Strategy
We design a plan tailored to your specific financial picture and timeline, whether you're planning ahead or facing an immediate need.
Implementation
We handle all the legal documents, trust drafting, and Medicaid application filings on your behalf.
Ongoing Support
Medicaid rules change. We stay current and are available to adjust your plan as your situation evolves.
Protect What You've Worked For
Your first consultation is always free. We'll review your situation and explain exactly what options are available to protect your assets.