Worcester Elder Law Attorney
Planning for the costs of health care and long-term care is a crucial phase in every person’s life. By planning in advance, you will have more options to help protect your assets and ensure that your needs are met without compromising your financial security.
I am Nicholas W. Daviau, a Worcester elder law attorney committed to helping Massachusetts seniors and their loved ones navigate the complex legal issues that arise with age. Whether you need assistance with Medicaid planning, estate planning or other financial issues, I have the experience and resources to help you.
Helping Aging Adults Protect Their Assets
The costs of long-term care continue to rise, putting many elders in a difficult financial situation. I have years of experience helping elders and their family members understand all of the options that are available to them. Look to me for sound guidance and effective solutions in:
Many people mistakenly believe that they must spend down all of their assets before becoming eligible for Medicaid. Fortunately, estate planning tools such as irrevocable trusts can be used to transfer wealth and preserve your eligibility for MassHealth.
However, early planning is crucial in order for these tools to work effectively. The government can look back up to five years to determine if you or your loved one has made a disqualifying transfer. Transfers between spouses are not subject to the same five-year look-back period. I will help you create a plan that meets your unique needs and shelter as much of your estate as possible in a given situation.
If you or a loved one is in need of skilled nursing care, I can assist you in maneuvering your assets to obtain eligibility for MassHealth benefits. Alternatively, if you or a loved one does not require the care of a skilled nursing facility, I can also formulate a plan to obtain eligibility for a community MassHealth program. These programs allow you or your loved one to receive the care that you need while still remaining in the community.
However, you or your loved one must have a limited amount of assets in order to qualify for a community MassHealth program. Because there is no look-back period with these programs, you or your loved one can be eligible for these programs rather quickly by transferring assets to a trust.