Lee Law Office provides elder law and Medicaid planning services to clients in Richmond, VA and surrounding areas. If you are still young, you may not think that you need elder law services. You may also believe that making a Medicaid plan does not matter to you if you believe that Medicaid is only a program for people with low incomes. Unfortunately, myths and misconceptions about elder law and Medicaid planning can cause you to experience substantial financial loss. Lee Law Office will help you to avoid this.
Our legal team will work with you to explain the types of elder law and Medicaid planning services that you need based on your life situation. We help you to create an appropriate plan for whatever the future may bring so you can protect your wealth and your family. We work with you to make plans for retirement, for end-of-life issues, for incapacity, and for what will happen after you pass on. Whatever your situation, the advice we offer is customized to you. Give us a call today to find out more about how a Richmond, VA elder law and Medicaid planning attorney can help and to get answers to questions you have including:
- Why do I need elder law services?
- Why do I need to make a Medicaid plan?
- How can a Richmond elder law and Medicaid planning lawyer help me?
Why Do You Need Elder Law Services?
It is important for you to get elder law services even if you are not elderly. If you have young children, a spouse, elderly parents, pets, or anyone who is depending upon you, you need to put a plan in place to ensure that your loved ones are protected if something happens to you. An elder law attorney helps you to make such a plan by using tools like guardianship, trusts, a last will and testament and life insurance.
Elder law services are not just about taking steps to ensure your loved ones are provided for if you pass away. You also need to think about what will happen at the end of your life or in the event that you are seriously injured or seriously ill. An elder law attorney helps you to use tools like advanced directives and a power of attorney to ensure you have expressed your preferences for medical care and provided instructions for who will make decisions on your behalf if you cannot act on your own. By making an incapacity plan, you spare your family difficult and painful decisions and help them to avoid guardianship proceedings that could send them to court at a difficult time in your life.
Elder law services also help you to achieve financial security and help you to protect the nest egg that you have worked hard to build. You need to make a financial plan for the future that includes a retirement plan, and Lee Law Office will help you to do just that. Our legal team will work with you to use tax-advantaged accounts such as IRAs to maximize your retirement investing. We will help you to set investment goals and to implement an asset protection plan so your wealth is not lost due to things like creditor claims or estate tax.
These are just some of the many ways we provide you with help in planning for your future and protecting your family. When you get elder law services from our firm, we create the type of personalized plan that is designed to make legal tools work to make you more secure and prepared.
Why Do You Need to Make a Medicaid Plan?
One of the key things that an elder law attorney at Lee Law Office can do is to help you create a Medicaid plan. A Medicaid plan is important because Medicaid is usually the only source of nursing home coverage or long term care coverage. Medicare and private insurers won’t pay for care in a nursing home or in your home unless you require skilled medical services in specific situations. This isn’t the kind of care most people need.
To make sure you can get the care that you actually do require if you need long term care or must move to a nursing home, you should make a plan to get qualified for Medicaid. Medicaid pays for care only if you have limited assets, but Lee Law Office can help you to protect your wealth so you can get qualified for nursing home care coverage and still leave a legacy.
How can a Richmond Elder Law and Medicaid Planning Lawyer Help You?
To find out how Lee Law Office can help you to have more financial security and can help you to protect yourself and your family from life’s uncertainties, give us a call today.