Nursing Home Planning Lawyers in Waco Serving Clients Who Need Long-Term Care Guidance
With proper strategy and planning, you can ensure that you can enjoy your twilight years, even if you require long-term care in a nursing home at some point. From planning for health troubles to suddenly relying on others more, aging can sometimes be stressful with many unknowns. Our compassionate team of elder law attorneys at Rainey & Rainey, Attorneys at Law, LP can guide you in establishing a long-term care plan that ensures you or your loved one’s safety, care, and comfort while also preserving assets.
Elisa and James Rainey co-founded Rainey & Rainey, Attorneys at Law, LP with the specific goal of giving voice and proper representation to the all-too-often spoken-over elders in our community. With our extensive, decades-long history in estate planning and elder law, you can rest assured that your future is in good hands.
If you are ready for assistance in planning your long-term care or Medicaid needs or are thinking it is time to plan for the future, contact Rainey & Rainey, Attorneys at Law, LP, at (254) 457-5083 today to schedule an initial consultation.
What Are the Keys to Nursing Home Planning?
Many think to handle their estate planning, but few think to plan for their long-term care or ensure they will be able to qualify for Medicaid if the time comes that they are no longer able to handle these matters themselves. The best and most proactive step you can take is to think about the future. If you are disabled or middle-aged, it will benefit you and your loved ones to create a plan for potential nursing home care, residential care such as assisted living, or skilled nursing so that you may age gracefully and avoid bankrupting yourself and your family.
When you contact Rainey & Rainey, Attorneys at Law, LP, we will walk you through the process of planning for a variety of circumstances, such as:
- Immediate long-term care solutions
- Establishment of future long-term care plans
- Preparing spouses and loved ones for plans
- Preparing to qualify for Medicaid successfully
These subjects are difficult to broach and even more challenging to plan, so consult with an experienced attorney with the knowledge and compassion to help you and your family secure peace of mind.
What is Medicaid and How Does It Relate to Nursing Home Planning?
Medicaid is a government-based assistance program that financially assists individuals with long-term healthcare. Someone who receives Medicaid benefits generally pays no cost for medical expenses beyond their monthly income.
Though there are strict qualifications to receive Medicaid benefits, such as income and asset limits, there are legal ways to arrange your assets to better your chances for eligibility. It is crucial to speak with experienced elder law or Medicaid planning attorney if you hope to use these strategies for qualification.
What Happens if You Run Out of Money for Nursing Home Care?
Various factors can lead to financial emergencies: unplanned medical bills, longer-than-expected medical stays, decreased independence requiring more consistent help, or the denial of previously-attained governmental benefits, all circumstances that have the potential to fluctuate your financial stability and cause a sudden lack of funds.
In these cases, a family may feel forced to take their loved one out of the nursing facility or discontinue long-term in-home care. Families often turn to the proceeds from selling assets such as homes or property to make ends meet concerning their loved one’s care. You should not have to sell your home!
In a time of crisis, make sure you know your options for paying for care. There is more available to you than you might think, especially with the right strategy in place.
How Can I Be Confident in My Nursing Home Plan?
Every individual’s financial situation differs. Let one of our talented and experienced elder law attorneys guide you toward Medicaid qualification, giving you peace of mind, knowing that you will be cared for when you need it. Call us today at (254) 457-5083 to speak with an attorney at Rainey & Rainey, Attorneys at Law, LP, and earn that peace for yourself and your family.