Medicaid planning is an important task if you want to protect your assets and keep your real estate and belongings in your family. The goal of Medicaid planning is to get your personal income and assets down under the limit necessary to qualify for Medicaid benefits without jeopardizing your assets or eligibility.
There are a couple of ways you can protect real estate when you’re planning for the future. It is in your best interest to speak to a qualified Medicaid Planning and Elder Law attorney before making any decisions with regards to what is needed for the best protection of your financial interests.
Not all trusts are the same
Keep in mind that not all trusts are the same, and some are better than others for Medicaid planning purposes.
The right kind of trust is one that takes all of your family’s interests into consideration. Unfortunately, there are many entities within the elder community who may attempt to advise you and your family as to which type of trust would be best for you. It is our experience at Coffin, Coffin & Blackman, that many families are unfortunately given the wrong kind of advice that is potentially harmful to their interests and in the long term can hurt them rather than help them.
Our attorneys at Coffin, Coffin & Blackman are highly qualified, with over 45 years of experience, and current on all applicable laws with regard to the creation and administration of complex trust instruments.
Before you make these important decisions for your family’s financial future, call us today. At Coffin, Coffin & Blackman, we are pleased to help you navigate these crucial steps.
Roger T. Coffin, Attorney
Lisa A. Blackman, Attorney
Coffin, Coffin & Blackman