Estate Preservation

an estate

Senior Planning Services is an Estate Preservation Firm specializing in Nursing Home Financial Planning. Specifically, we do this type of planning for people currently in nursing facilities, people who are entering nursing facilities, and people who want to plan ahead in order to protect the maximum amount of their estate from nursing home spend down. Senior Planning Services is recognized by many as the leading authority in the State of Texas for this type of financial planning. We have over twenty years of experience, and over that tenure we have helped hundreds of families protect their life savings from spend down in a nursing home.

The Medicaid Safety Net

"We have over twenty years of experience... and over that tenure we have helped hundreds of families protect their life savings"

An alternate source of funding for nursing home costs could possibly be the Medicaid program as it deals with our aged and disabled senior citizens. Contained within Medicaid guidelines are certain defined strategies that could possibly allow people facing this dilemma the opportunity to preserve a substantial amount of their assets while at the same time qualifying for Medicaid benefits.

Becoming familiar with Medicaid guidelines will help you understand that in most cases you are not required to spend all of your money, but in fact can preserve a large part of your money from nursing home spend down. In most cases, the guidelines will allow the couple to protect up to 100% of their assets, protect all of the stay at home spouse's income, and sometimes protect all of the institutionalized spouse's income, thus qualifying the institutionalized spouse for Medicaid benefits. In most cases, the guidelings will allow you to protect a substantial amount of the remaining assets and still qualify for Medicaid benefits.

When entering a nursing home you have two options. The first option is total spend down of your life savings and then apply for Medicaid benefits. The second option is to be able to protect a substantial amount of your life savings and still qualify for Medicaid benefits.

We stand ready to provide you with a FREE Consultation on what the guidelines say you may do. Contact Us today for more details or to set up your consultation.

WHAT TO EXPECT FROM YOUR CONSULTATION

 

Quick Contact Information

  • Midland/Odessa
    432-550-6800
  • Lubbock
    806-793-6800
  • Amarillo
    806-223-2200
  • Austin
    512-433-9614
  • El Paso
    915-703-7203
  • 1-866-304-6800 (toll free)
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