Michael Gilfix on Medicaid/Medi-Cal and Asset Preservation
Elder Law attorney Michael Gilfix talks about how Medicaid can be an option for long-term care and what opportunities the law provides to protect your estate, achieve eligibility for Medicaid and get significant help in paying for the cost of long-term healthcare.
Who isn’t worried about the cost of long-term care? It can devastate your estate.
It may come as a surprise that you can qualify for the Medi-Cal program, which can pay the cost of nursing home care, without losing your assets. Many assets are protected. Others can be transferred legally and without generating lengthy periods of ineligibility.
Medi-Cal, California’s version of the federal Medicaid program, is commonly perceived as a benefit available only to those who are virtually destitute. In fact, Medi-Cal is much more forgiving. The lawyers of Gilfix and La Poll has been helping Californians protect assets and qualify for Medi-Cal for over 20 years and with consistent success.
Plans Custom Tailored to Your Long Term Care Needs
Because your circumstances are unique, every Palo Alto Medi-Cal asset protection plan is unique. It may be appropriate to transfer, convert, or otherwise protect assets as part of a comprehensive plan. An irrevocable trust may be created to hold your residence. Care is taken to avoid “reimbursement” or “estate claim” efforts by the Medi-Cal program to recover the cost of Medi-Cal benefits upon your passing.
Throughout this complicated process, it is paramount that your Medi-Cal and asset preservation plan be approached professionally and with tremendous care and understanding. Improper disbursement of assets, for example, may result in penalties such as a period of Medi-Cal ineligibility that can last up to five years. An ill-advised plan can leave you exposed and unprotected. At the same time, planning is carefully structured to avoid gift, capital gains, and property tax problems that are too often overlooked.
Gilfix and La Poll brings its full scope of its wisdom, experience, and know-how to handling your long-term care and Medi-Cal planning needs.
Dorothy Talks About Planning for Alzheimer's Care
When Dorothy's husband was diagnosed with Alzheimers, she turned to Gilfix & La Poll to help her through this very difficult time. They made sure that every legal document needed was securely in place to give her the Peace of Mind she needed.
Note: These testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.
Medi-Cal & Asset Preservation: How to Preserve Your Estate When You or a Loved One Must Enter a Nursing Home
"When my husband went into the nursing home, I was scared to death about everything. I thought that all of our money would be lost because the cost was so great. It was terribly depressing for me. Then the Social Worker referred me to the lawyers at Gilfix & La Poll Associates LLP.
I feel that my Gilfix & La Poll Associates LLP attorney saved my life. They helped me protect all of my assets and the Medi-Cal (Medicaid) program now helps us pay the cost of nursing home care. I am back in control of my life and I feel like I have a future."
"Your letter to the Medi-Cal office did the trick. They are no longer threatening to put a lien on my house. I cannot thank you enough for helping me protect my home."
Helping families with Medi-Cal and long-term planning in San Jose, Cupertino, Mountain View, Los Altos, Menlo Park, San Mateo, Fremont, Palo Alto, Santa Cruz, Santa Clara County, Alameda County, and San Mateo County.