MEDICAID PLANNING: PROS & CONS
They create trusts, manage asset transfers, and convert countable assets into exempt assets to ensure eligibility and preserve a family's resources. They can also protect a family home from Medicaid recovery.
PROS
The main disadvantage is that once your assets have been transferred into the trust you no longer have any control over them. CONS
WHY COUNT ON A PROFESSIONAL ATTORNEY • Save Expenses • No Conflict of Interest • Gain Trust • Valid Qualifications & Experience
01 Pregnant women 02 A person must have a disability or a family member in the household with a disability 03 Responsible for a child 18 years of age or even younger 04 In case the person is 65 years of age or older 05 If the person is blind WHO IS THE RIGHT PERSON ELIGIBLE FOR WISCONSIN MEDICAID?
SOME POINTS WHICH YOU MUST KNOW ABOUT MEDICAID PLANNING IN WISCONSIN IF YOU WANT TO QUALIFY ASSETSMEDICAID,FORTHENYOUMAYONLYHAVE$2,000OFCOUNTABLEASSETS.THECOUNTABLEINCLUDEEVERYTHINGEXCEPTTHEFOLLOWING • The home you live in • One car if a married couple • A funeral arrangement • Household goods & furnishings
Medicaid planning entails too many dangers, you should not make this decision on your own; instead, you should consult a skilled Wisconsin Medicaid Planning.
CONTACT INFORMATION (262) www.elderlawcenterofwisconsin.com812-6262paralegal@elcwi.com
