Planning for your care or the care of a loved one can be daunting. Between complicated Medicaid and estate planning laws and the spread of misinformation, it's hard to find the simple truth of which benefits you're entitled to receive, without compromising your hard-earned assets or burdening your family.
Medicaid Planning and Asset Protection
Arizona’s Medicaid (Arizona Long Term Care System) laws have become increasingly complex. If properly utilized, Medicaid can help to defray your health care costs and make quality health care more accessible, however, it can be very difficult to navigate. The elder law and estate planning attorneys at Taylor & Lihn, PLLC can skillfully guide you through the complicated laws which govern Medicaid and work with you so you can fully understand your rights.
The Phoenix estate planning attorneys at Taylor & Lihn will help you find the right financial solution for you and your family. They'll explore all of your options regarding long term care planning. They'll draft a detailed medical and asset protection plan that outlines your wishes so your family can implement your plan using these legally sound documents.
A common misconception is a person has to be "poor" or "destitute" to receive Medicaid assistance for their long-term care. This is not the case. There are ways to arrange and protect your finances in order to make Medicaid work for you, and our experienced attorneys can help you devise a plan to protect your assets and your family's interests, while you receive the Medicaid benefits you deserve. The attorneys at Taylor & Lihn, PLLC, will help you develop an asset protection plan which will not compromise your financial independence, will help you retain ownership of your home and possessions, will allow you to quickly and legally transfer property to your family and will protect the financial security of yourself and your family.
It's not a topic many people enjoy thinking or talking about, however, in the event you become incapacitated and unable to make decisions independently, choosing a guardian, or a power of attorney is one of the most important decisions you can make. If you become unable to make independent and informed decisions, without a guardian in place, you are left vulnerable and susceptible to fraud, theft, and deceit or others making choices regarding your care which are not in line with your wishes.
Incapacitation can happen unexpectedly, which is why it's so important to choose your guardian in lieu of a court appoints one for you. Taylor & Lihn, PLLC will help you explore your options regarding guardianship including a Durable Power of Attorney, for your healthcare and financial decisions, so you can rest easy knowing your interests will be protected in any situation.
Schedule Your Consultation Today
It's never too soon to create a solid care plan for your future. Call Taylor & Lihn, PLLC today to discuss your options and tailor a plan to ensure your needs will be met and wishes will be honored.