Have an IRA? Facing a long-term care planning situation? Or maybe you have a loved one with elder law needs?
The biggest misconception for clients facing elder law issues is that Michigan elder law attorneys can only help veterans or adults facing nursing home placement and Medicaid planning.. This is not true. Using the same techniques for families that are facing nursing home placement or VA benefit planning, skilled elder law attorneys in Michigan can achieve fantastic results.
Understanding the law is key. Michigan Medicaid, which provides benefits to seniors confined to nursing homes, has a five (5) year “look-back” period. The law is interpreted by the Michigan Department of Health and Human Services as a strict policy that applies to ALL transfers occurring within a five (5) year period of application for Medicaid benefits. Further, the law assumes that any person over the age of sixty-five (65) can presume that they will reside in a nursing home in the future. As a result, many seniors and their families are reluctant to make transfers, even at the expense of their own care. However, if proper planning is used, a potential benefit applicant can INTENTIONALLY trigger a “divestment penalty” and actually PRESERVE assets if and when he or she needs nursing home care.