Gifting, Divestment & Hiding Assets Is Not the Solution
Michigan Estate Asset Protection Lawyers
If you or a loved one wants to become eligible for Medicaid, you may believe that giving gifts to your family and divesting your assets will help you achieve this goal. Think again. Trying to get around the Medicaid requirements can lead to penalties that will make this goal even harder to achieve.
At Walling & Foster, P.C., with offices in Battle Creek and Portage, Michigan, our attorneys can help you qualify for Medicaid assistance in a way that is legal and will protect your assets. We have nearly 30 years of combined experience protecting people's assets. We can help you find a unique solution.
To speak to an attorney today about your estate asset protection planning options, call 269-841-5808 for our Battle Creek office or 269-743-1479 for our Portage office.
You Cannot Hide Your Assets — But We Can Help You Protect Them
When you apply for Medicaid assistance for nursing home expenses, the state will look back five years to determine if you have been gifting, divesting or hiding money. If you have been giving away assets without receiving market value for them, the Department of Human Services will apply penalties. Hiding assets is a gravely serious matter. Intentionally hiding assets is Medicaid fraud, a felony that can carry a four year prison term.
Our lawyers have extensive experience with estate asset protection. We can help you pre-plan now for future nursing home expenses or help you find innovative ways to protect your assets through trusts without having to spend down your assets or give up property.
Contact an Asset Preservation Lawyer Today
Contact us today to schedule an appointment with an experienced estate asset protection lawyer.
