PathFinder Law Group

Some kind words from one of our phenomenal clients. #LastWill #EstatePlanning #ElderLaw

Are you risking your Medicaid eligibility without even knowing it? If you don’t understand #Medicaid asset transfer rules, you’re risking your eligibility. Here's a quick guide: 1. Violation Impact: ? Transferring assets below market value within five years of applying for Medicaid can lead to a penalty period, delaying coverage for long-term care. 2. Calculating Penalties: ? Penalties are based on the asset's value and state-specific nursing home costs. 3. Reversing Penalties: ?? Sometimes, returning the assets can reverse the penalty, but it's case-dependent. 4. Exceptions: ? Transfers to spouses or disabled/blind children are usually exempt. ?? Questions about Medicaid asset protection? Contact us for a risk-free consult: https://rb.gy/udpahv #MedicaidPlanning #AssetProtection #MarylandMedicaid #ElderLaw #MedicaidPenalties

The 5 biggest Medicaid crisis planning mistakes: 1. Transferring assets within the 5-year look-back period 2. Trying to create a Medicaid plan on your own 3. Assuming you don’t need a Medicaid plan 4. Using the wrong legal tools to make a plan 5. Waiting too long to make a plan Want to learn more about Medicaid crisis planning? Schedule a risk-free consultation: https://lnkd.in/eUw4h8C5

If you don't protect your home and you've used Medicaid, the state could seize it in Medicaid estate recovery. But there are some actions you can take to protect your home and other assets. ? Establish a life estate ? Create an irrevocable trust ? Transfer ownership of your home to a loved one However, beware: haphazardly transferring assets can threaten your present #MedicaidEligibility. Consult with us to learn more: https://lnkd.in/eUw4h8C5

Trying to qualify for Medicaid assistance AND protect your assets? A Medicaid Asset Protection Trust (MAPT) can help. Let’s explore the advantages: ?? Helps you qualify for Medicaid by protecting assets. ?? Allows control over how assets are managed. ?? Prevents the state from claiming assets after death. Ready to shield your assets from Medicaid’s reach? Schedule a risk-free consultation: https://rb.gy/udpahv #MAPT #Medicaid #ProtectYourAssets

Check out our August newsletter for info on: ? How to protect your home from Medicaid estate recovery (MERP) ? What assets are exempt from MERP ? How MERP works in Maryland You can also contact us for a risk-free consult: https://lnkd.in/eUw4h8C5 #MedicaidEstateRecovery #Medicaid #MedicaidPlanning #ElderLaw

Are you concerned about the public nature of the probate process? A Revocable Living Trust might be exactly what you need. 6 benefits of a revocable trust: 1. Privacy - avoid probate, which is a public process 2. Flexibility - you can change or revoke your trust any time 3. Smooth transition of assets - directly to beneficiaries 4. Cost savings - by bypassing probate, you can avoid fees 5. Protection in case of incapacity - guidelines for managing assets if incapacitated 6. Out-of-state property transfer - assets in different states can be consolidated under the trust Contact us for a risk-free consultation to learn more about the benefits of a #RevocableTrust. https://lnkd.in/eUw4h8C5 #EstatePlanning #LivingTrust

If you’ve recently lost a loved one who received Medicaid benefits—or if you’re currently receiving Medicaid benefits—you might be wondering how long #MedicaidEstateRecovery will take. The estate recovery process is a source of stress and uncertainty for many families, especially on top of the grief they are already facing. In this article, we break down the Medicaid estate recovery process, explore typical timelines, and answer the question “How long does Medicaid estate recovery take?” Link below ?? https://lnkd.in/eh6cz_Mp #Medicaid #AssetProtection #ElderLaw #EstatePlanning

4 legal strategies to protect your home from Medicaid estate recovery: 1. Create an Irrevocable Trust → By placing your home in an irrevocable trust, you’re no longer the legal owner. → This means Medicaid can’t claim it after you pass. → However, you can still live in the home and benefit from it. 2. Transfer Ownership → Remove the property from your estate, placing it out of Medicaid’s reach. 3. Joint Ownership → Co-own the property with someone else. → When one owner dies, their share automatically transfers to the surviving owner. Learn more about protecting your estate from #MedicaidEstateRecovery https://lnkd.in/eUw4h8C5