“Elder law” encompasses several areas of law focused on “senior Americans”, including estate planning, long-term care planning, management of assets in the event of incapacity and medical assistance (Medicaid) planning. In general, properly drafted Wills and Revocable Trusts and Powers of Attorney are the first step in coordinating your estate plan. But for many, it may be necessary to obtain advice on issues of long-term care such as nursing home admission agreements and long-term care insurance policies. For others, Medicaid planning (government funding of nursing home costs) may be a desirable option, particularly where there is opportunity to plan. This may involve transfers of assets to children, transfers between the institutionalized spouse and the community spouse and the protection of the residence from Maryland’s lien law. These matters are generally not intuitive and require delicate planning with precision and care. Our office has successfully assisted many clients with these issues.
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