In this video, I cover the topic: Average cost of using an Elder Law attorney to apply for Medicaid. I'm attorney Patrick Kelleher and my goal is to educate ...
Jul 27, 2020 · There isn’t a clear-cut answer as to the cost of hiring an elder care attorney for Medicaid planning purposes. Some Medicaid lawyers offer free consultations, while others charge an initial consultation fee or offer Medicaid planning conferences that range in cost from approximately $175 – $500.
Jun 24, 2019 · How Much Should an Attorney Charge for a Medicaid Application? Monday, 24 June 2019 17:27 Jim Schuster, CELA 0 Comments. Before we get into the nitty gritty of an answer, let’s consider the situation.
Learn:-How Elder Law lawyers get paid for Medicaid planning-Why you want an Elder Law lawyer to do a Medicaid application-How you save money by using and Eld...
The key to asset protection when an elder is already in the nursing home is: 1) a good elder law attorney; and 2) a good durable power of attorney/estate plan that will allow the attorney-in-fact the power to protect assets. If the elder is competent, of course, the elder would participate in all decision making.
Medicaid Planners help clients structure their financial resources and prepare documentation to ensure the best possibility of being accepted into the Medicaid program. They create trusts, manage asset transfers, and convert countable assets into exempt assets to ensure eligibility and preserve a family's resources.
Medicaid Exempt AssetsThe home up to a value of $906,000.$75,000 to $130.000 in resources.One automobile.Prepaid funeral and burial for applicant and spouse.Household furniture, personal effects, jewelry with sentimental value.IRA's, 401(k)'s and other qualified plans, provided they are paying out a monthly income.More items...
Georgia has a Medicaid Look-Back Period of 60 months that immediately precedes one's Medicaid application date. During this time frame, Medicaid checks to ensure no assets were sold or given away under fair market value.Dec 7, 2021