Elderly client’s wife was in hospital due to failure to thrive and was being discharged to rehabilitation. Concerned that his limited finances would be depleted when he would have to private pay for his wife’s care in a nursing home, he sought our firm’s assistance. By working diligently with him to structure his assets, we were able to get him and his wife eligible for MassHealth within three weeks. Our client was able to retain the maximum amount allowed for a community spouse, while also converting an insurance policy and an annuity to a Medicaid compliant annuity to generate a larger income stream for him, thus providing him with security for him to age in the community.
What to Know About Creating a Living Will
Creating a living will ensures your future health care decisions and plans are respected. A living will, or advance directive, is a legal document outlining medical treatment preferences and end-of-life care if you can’t communicate or make decisions for yourself.
