Medicaid planning lawyers provide a great legal service to individuals who are unable to handle their financial affairs on their own. In the most basic terms, Medicaid planning lawyers help their client plan for what will happen to their assets after they die. Everyone in Florida, including the state, can greatly benefit from basic estate planning because everybody needs the four basic necessities: (I) A Last Will and Testament; (ii} Last Will; (iii) Last Testament; and (iv) Power Of Attorney (aka Executor) document. These four necessities are the backbone of a solid estate plan. Get more info about Medicaid Planning Attorney Logan.
Most states offer a variety of Medicaid programs designed to assist families with medical and other expenses related to the costs of health care services provided by the state’s Medicaid and or Medicare program. Most people living in Florida, however, receive their Medicaid and/or Medicare benefits from private insurers. As such many of the people who receive health care services through private insurance are not aware of their rights as a patient with regards to managing their personal health care financial affairs.
Most of these individuals, unaware of their rights and unable to hire an estate planning attorney due to the fact that it is not part of their state’s public law, are unable to protect the funds that have been allocated for their care and the funds are generally provided to family members and other non-health care related entities such as charities and churches. Medicaid is one of those programs that are funded by taxes levied upon the citizens of each state. Those who have worked hard for their money and have paid taxes may not know how to protect their wealth and assets against unforeseen financial disasters.
Because the funds provided to those who qualify under a Medicaid program are not tax-deductible, most families, especially the seniors, do not understand how to save and/or invest these funds. This can create an enormous amount of financial uncertainty for the family. For this reason, it is important that the senior or anyone in the family understands their rights when it comes to protecting their estate assets.
Medicaid planning lawyers are experienced and trained in managing and planning for the future, as well as helping those who need assistance in managing their financial affairs during their final days. They have the training and knowledge necessary to properly advise a senior on the important decisions they must make regarding their future finances. They have also been trained and certified to perform the duties that can only be done by a lawyer with the proper education and expertise required to properly guide their client through this complex process.
By hiring a skilled and experienced attorney, family members will be able to plan for their futures. They will know what they are entitled to in the event of their untimely demise and will know exactly what options they have if something goes wrong. They will know what they will be entitled to should they decide to pass away, as well as what they must do to ensure that their loved ones are taken care of in their absence. A family lawyer can help provide legal representation to help make these decisions easier for their clients by reviewing their medical insurance and Medicaid paperwork and educating them about their rights and obligations while they are still here on Earth.