The seen and unseen costs of nursing home care are a concern for many individuals. Often, individuals are concerned about the “spend down," which describes the process of liquidating non-exempt assets in order to qualify for Medicaid.
Our law firm works with clients through the process of handling Elder Law and Medicaid Planning issues in Kansas City, Missouri. This includes an analysis by our attorneys to determine which assets are exempt from the determined amount necessary to qualify for Medicaid.
After the analysis is provided, we work with clients to assess the risk in transferring these assets, which may include irrevocable trusts or third parties. As always, it is best to plan before an unforeseen illness or medical condition arises; however, no matter where you are at in this process, there are still many things that can be done.
Contact us at contact@bergerlawkc.com or give us a call at (816) 600-3220 to schedule a free consultation today.