Medicaid Asset Protection & Spending Down

Applicants for Medicaid and their spouses may protect savings by spending them on noncountable assets.  These expenditures may include:

• prepaying funeral expenses;
• paying off a mortgage;
• making repairs to a home;
• replacing an old automobile;
• updating home furnishings;
• paying for more care at home, or even;
• buying a new home;

In the case of married couples, it is often important that any spend-down steps be taken only after the unhealthy spouse moves to a nursing home if this would affect the community spouse’s resource allowance.

Plan Now, Consult a South Carolina Medicaid Planning Lawyer in Spartanburg & Greenville SC

Our Medicaid planning attorney can assist you in developing a custom-tailored strategy to enable you to qualify for Medicaid benefits to pay for long term nursing home care while preserving your assets.  Don’t wait to plan, contact an estate planning attorney at the McQueen Law Firm to discuss your Medicaid planning options and requirements today at 864.585.5021 or online to schedule an appointment.

McQueen Law Firm | “A Trusted Partner” | Serving the State of South Carolina Since 1985 | Spartanburg County | Greenville County | Anderson County | Cherokee County | Union County