What is Elder Law? Elder Law covers many different areas including: wills and trusts, powers of attorneys, advanced health care and mental health care directives, asset protection, medicaid and nursing home planning, medicare, home care options and more. Everyone's situation is different and this area of law complicated and governed by many different statutes and regulations. This type of planning is best undertaken by a knowledgeable attorney.
Medicaid and Nursing Home Planning & Asset Protection Many older adults are worried about the cost of long term care, including home care, nursing home care, and assistance with daily living. They worry that their lifetime of hard work and savings will be lost if either they or their spouse will need long term care. Planning in advance can help seniors limit the expenses by protecting the home, transferring assets legally to avoid penalties, preserving the financial security of spouses and dependents, and finding ways to pay for home care or assisted living. If nursing home care is necessary, an attorney can help you handle the complicated paperwork and weave your way through the regulations, maximize your benefits from Medicare, Medicaid and other available programs, minimize the loss of assets to pay for care, and answer your questions in terms you can understand.