Medicaid Planning Lake Worth

Elder Law Associates PA advises clients regarding how to obtain public benefits, including Medicaid in Lake Worth. We use various legal techniques and instruments that protect and preserve your assets. We advise our clients regarding the most appropriate long-term living arrangements for their particular situation and assist with facility placement.

Our firm develops personalized plans for clients and their families as loved ones age. This includes the best use and management of personal and financial resources to meet their long-term objectives, exploring all home-based care options as a first priority when appropriate and easing transitions in the event a facility placement is required.

In determining the financial needs of Medicaid planning in Lake Worth, Florida's financial criteria is based on the "income cap" and the "asset test." There are certain assets that are exempt from consideration and can be kept when applying for Medicaid in Lake Worth. These include:

    • Personal residence ($572,000 maximum)
    • Automobile
    • Whole life insurance with a cash surrender value of less than $2,500
    • Prepaid funeral plans
    • Household furnishings

Elder Law Associates PA can assist with your medicaid planning in Lake Worth. Contact us today to schedule an appointment with one of our attorneys.