Leading Elder Law Attorney Rory Clark Reveals Nursing Home Asset Protection Insights And Myths Surrounding Medicaid - Leesburg, VA
Jun 24, 2022
Leesburg, VA, United States - June 24, 2022 —
With misconceptions on the rise among clients over Medicaid, Virginia-based Elder Law Attorney Rory Clark set the facts straight this week.
For more information please visit https://legacyelderlaw.com
In an interview, the founder of The Legacy Elder Law Center said one misconception is that people cannot keep their income if their spouse receives Medicaid benefits for nursing home expenses.
He said: "Your income will be handled separately in Medicaid matters. The money and property owned by both spouses will be considered when it comes to qualifying for Medicaid."
Another myth surrounding Medicaid is that everyone's Medicaid experience is the same. But the Leesburg attorney said: "A lot of what people hear about Medicaid comes from their friends, and it isn't the best way to obtain accurate information. Everyone's situation will vary."
He explained that many people are afraid they won't qualify for Medicaid, but many factors are considered, such as age, income bracket, assets, and level of care needed.
Another misconception is that individuals don't have to be concerned with Medicaid planning. He added: "Many of my clients don't realize how costly long-term nursing care can be. It is important to begin preparing for the possibility of Medicaid assistance early. The earlier, the more money they'll be able to protect."
Many who have moved to a nursing residence also assume it's too late to begin planning for Medicaid. "Even if you or your loved one has already used funds to pay for care at a nursing facility, there could still be time for Medicaid planning. This is the case for anyone married," Clark attested.
As people get older and their health declines, they might need long-term care, which can become costly without the help of Medicaid.
Clark concluded: "Unfortunately, not everyone is up to speed about Medicaid, so they should consult an experienced Elder Law attorney to get an accurate financial picture and understand the best way forward."
Source: http://RecommendedExperts.biz
Contact Info:
Name: Rory Clark
Email: Send Email
Organization: The Legacy Elder Law Center
Address: Market Station, 108 South Street, SE, Suite E, Leesburg, VA 20175
Phone: 703-783-1195
Website: https://legacyelderlaw.com
Release ID: 89077041
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