40 Force: Elder Care – Elder Law
It’s all about protecting everything you’ve worked so hard for through the years. Your home, your investments and your retirement.
“If we can have several years of advanced planning, preferably more than 5 there’s a lot of things we can do to protect peoples hard earned assets and to prevent them from making mistakes that may impact their future,” says Attorney Albert Gordon, who concentrates in Elder Law.
These mistakes can be costly.
“When I have people come to the office and say I have a living trust, my assets are protected, not from Medicaid unfortunately,” Gordon says.
Medicaid and Medicare can be confusing. That’s just one area where an attorney like Albert Gordon can help guide you.
“Medicare in the long run does not pay for nursing home costs. Medicaid is a joint federal and state program which pays for all sorts of health care costs including nursing homes with many many hoops to jump through,” Gordon explained.
Those hoops are usually due to things you may do wrong in the 5 years before applying for Medicaid. An elder law attorney can help you navigate them, but the process might be a long one.
“When someone has made some mistakes, especially in the last year or two, now we are in crisis mode and we try to resolve the issues as best we can but the more lead time you have the better,” he said.
An elder law attorney can also help you with your application for Medicaid as well as your estate plan.