Episode 5: Estate planning attorney Brandon Lawrence discusses important considerations related to a nursing home stay. You may be able to qualify for Medicaid benefits. He'll explain how to shield assets before a nursing home stay, so you don't have to sell your home to qualify. However, beware of the five-year look-back period.
Chapters
00:35 Welcome
01:27 Medicaid Statistics and Nursing Home Demographics
05:26 Nursing Home Costs Breakdown
08:45 Planning and Qualification Requirements
12:50 Asset Protection and Quality of Life Goals
18:51 Five-Year Look-Back Period
19:51 Conclusion
So, these are important things that you want to get ahead of. And a professional like myself can help you go in the right direction, save you some money, save you some heartache, and get you qualified for Medicaid, in order to stay in a proper facility with professional people that are going to give you the quality of care that you need and that your money is going to buy along with the assistance of the government.
Because of course, you've worked your whole life and you deserve some dignity when you need a place to stay and someone to help you out when you need it. So hopefully, we'll get into some future ways to help you save and qualify and get prepared for the qualification of Medicaid, if in fact you have to go into a nursing home, and give you that information for preparation in the future. But until then, we wish you a great time. Stay warm and thank you for listening to the Protecting Nest Podcast with the lawyer for the city, Brandon Lawrence. Let's talk it over.
For More Information:
Website: www.LawyerForTheCity.org
Phone: (502) 996-7735
This podcast is meant to provide information and is not legal advice. Brandon's principal office is located at 101 N. 7th Street, Louisville, Kentucky 40202.
