Medicaid benefits help many individuals receive the medical treatment they need, whether it is short-term care or in a long-term care facility such as a nursing home or other assisted living facility. What many people may not be aware of is that the government can seek to recover the money spent on your or a loved one’s medical care. In order to recoup what it spent through Medicaid benefits, the government may seek to recover what it can from your estate upon your passing.
For many Medicaid recipients, his or her estate may have very little assets that in no way would cover the cost of medical care. As such, if you own a home, the government may assert a lien on the home so that upon the home’s sale, the government may be able to recover the amount it paid as part of your medical treatment. This may be seen as a problem if you want your home transferred to a family member upon your death. This is why it is particularly important to speak with an attorney if you have both Medicaid benefits and property or other assets you want to protect for the benefit of others upon your passing.
Contact Giro Elder Law Today to Speak with Our New Jersey Elder Law Attorneys
Medicaid planning can be a critical part of your future along with a living will or last will and testament, so it is important that you have a full understanding of the process. Speaking with a skilled legal professional can help you make informed decisions about your future medical care. To speak with a New Jersey Elder Law Attorney to address your questions and concerns, contact Giro Elder Law today by calling (201) 690-1642.