Medicaid Planning

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Many individuals are faced with the prospect of having to go into a nursing home without sufficient resources to pay for such services.  An individual’s financial affairs have to be carefully in order to qualify for federal Medicaid benefits wherein Medicaid will pay both the nursing home and all medical bills on an ongoing basis.  There are limitations on how much income and how much assets of a non-exempt nature an individual may possess.

Assets

Certain assets such as a home, automobile, and burial polices are exempt from the calculation. We can help assist with all the calculations to ensure your assets are protected.

Surviving Spouse

If there is a surviving spouse there is an exemption that the surviving spouse can have funds in a separate account in their name solely which would allow an individual to qualify for Medicaid

Donations

Donations made within sixty months of applying for Medicaid can result in a partial or total disqualification of benefits as proper planning for individuals in these situations is critical.

Ted W. Hoyt practices in Medicaid Planning.

We Work for You

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Client Support

With almost 80 years of total legal experience, our support staff will be able to help you with any issues you may have.

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Effective Solutions

Hoyt & Stanford helps to define and accomplish the goals our clients seek to achieve to provide customized solutions.

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Individual Approach

We take the time to understand our clients' individual circumstances; we realize each case is unique and has it's own solution.