The Role of an Incapacity Planning & Medicaid Planning Lawyer: What You Need to Know

Posted by edwardselderlaw on March 13th, 2023

An Incapacity Planning solicitor can help you plan for the possibility that you may become incapacitated and unable to make decisions for yourself, while a Medicaid Planning lawyer can assist you in qualifying for Medicaid benefits to cover long-term care expenses. Let’s explore their roles and what you need to know to protect your future.

First and foremost, an Incapacity Planning solicitor can help you prepare for the possibility that you may become incapacitated due to an accident or illness. This could include creating a power of attorney, which allows someone else to make financial or medical decisions on your behalf if you are unable to do so. Your solicitor can also help you establish a living will, which outlines your medical wishes in the event that you are unable to communicate them yourself. By taking these steps ahead of time, you can ensure that your wishes are carried out and that your loved ones are not left guessing about what you would have wanted.

In addition to incapacity planning, a Medicaid Planning lawyer can help you prepare for the cost of long-term care. Many people mistakenly believe that Medicare will cover all of their medical expenses as they age, but the reality is that Medicare only covers a limited amount of long-term care. This means that if you require long-term care, you may need to pay for it out of pocket or rely on Medicaid to cover the cost. However, qualifying for Medicaid can be complicated and requires careful planning. A Medicaid Planning lawyer can help you navigate the eligibility requirements and create a plan to protect your assets while still qualifying for Medicaid benefits.

Overall, the role of an Incapacity Planning & Medicaid Planning Lawyer is to help you plan for the future and protect your assets. By working with an experienced solicitor or lawyer like at Edwards Elder Law, you can ensure that your wishes are carried out in the event that you become incapacitated and that you are prepared for the cost of long-term care. Don't wait until it's too late to start planning – contact the dedicated legal professionals today who have assisted many individuals throughout the St. Petersburg, Florida, area.