At our elder care law firm, we specialize in assisting middle-class families navigating the complexities of aging, healthcare, and legal challenges. This case study illustrates the power of Medicaid planning and asset protection in helping a Northeast Philadelphia family safeguard their mother’s well-being and financial future while saving over $120,000.

 The Situation: Medicaid Planning and Asset Protection in Action

Our client, “Mom,” a widowed wartime veteran in her 80s, had lived in her Northeast Philadelphia home for most of her life. After a fall, she developed mobility issues and needed rehabilitation, raising concerns among her children about her ability to return home safely and financially.

Mom had $250,000 in assets, including a $200,000 home. However, her savings and status as a veteran made it challenging for her to qualify for Medicaid and Aid & Attendance benefits, leaving her family worried about long-term care costs and the risk of losing her home. This is where strategic Medicaid planning and asset protection came into play.

 The Solution: Comprehensive Elder Care Legal Services

Our Care Coordination team created a care plan to help Mom safely return home. A Certified Aging-in-Place Specialist evaluated her home and recommended modifications such as:

  • Installing grab bars in the bathroom
  • Replacing stairs with a ramp
  • Widening doorways for wheelchair access
  • Improving lighting to reduce fall hazards

These changes enabled Mom to live independently and safely in her home. Our team continued to support the family with ongoing consultations.

 Asset Protection and Medicaid Planning

With $250,000 in assets, Mom didn’t initially qualify for Medicaid. Our firm implemented Medicaid planning and asset protection strategies to restructure her wealth, accelerate her eligibility, and safeguard her resources. These steps ensured that:

  • Mom qualified for Medicaid.
  • Her home and other assets were protected.
  • She gained access to Aid & Attendance benefits of over $1,515 per month, providing vital financial support for her care.

Drafting Essential Legal Documents

We worked closely with the family to prepare necessary legal documents, including:

  • Powers of Attorney for financial and healthcare decisions
  • A Healthcare Power of Attorney for medical choices
  • A will to ensure Mom’s assets were distributed according to her wishes

These documents offered peace of mind, clearly outlining Mom’s future healthcare and financial plans.

 The Outcome: Success Through Medicaid Planning and Asset Protection

Thanks to our efforts, Mom returned home safely, and her house was modified to meet her needs. Through strategic legal and financial planning, we saved the family over $120,000 by protecting her home and assets while qualifying her for Medicaid and Aid & Attendance benefits. The family no longer felt overwhelmed by caregiving decisions and felt confident about their future.

The Takeaway: Medicaid Planning and Asset Protection for Every Family

Elder law services, including Medicaid planning and asset protection, aren’t just for the wealthy. They are vital for hardworking families who need help navigating aging and healthcare challenges. Our firm provides compassionate and effective solutions to protect financial security and ensure loved ones receive the care they need.

If your family is facing similar challenges, we’re here to help. Reach out today to learn how Medicaid planning and asset protection can secure your family’s future.