Medical Costs — Asset Protection
Paying for long-term care can easily overwhelm families and loved ones, threatening to wipe out a lifetime of careful saving and planning. There is a widespread belief, even among attorneys, that families of substantial means cannot qualify for Medi-Cal benefits. Actually, in the right legal hands, even families with significant assets can access Medi-Cal and other government programs. However, the process is complex, and, if handled incorrectly, can have disastrous effects.
WE CAN HELP:
- Obtain Medi-Cal and other government benefits to pay for skilled nursing and in-home care
- Protect your assets for yourself and your family
- Navigate through the maze of Medi-Cal rules and regulations
Protecting the home plus $1.6 million in savings
An elderly couple needed skilled nursing care, but feared their assets, a home and $1.6 million in savings, would make it impossible to obtain Medi-Cal funding from the state. Furthermore, they were each on their second marriage, which can create an additional disadvantage as courts often suspect an attempted disinheritance.
Terry Magady, however, used this apparent disadvantage as an advantage, and went into the court fighting head-on in favor of the marriage. Arguing that withholding Medi-Cal funding would force this loving couple to get a divorce, he successfully obtained funds for couple’s skilled nursing care, while defending the couple’s marriage and hard-earned assets.