Long term care and Medicaid planning combines the health care, financial and legal needs of an individual’s unique situation. The legal aspect of this planning can be complex and requires expertise and an in-depth understanding of Medicaid law and asset protection.
When a senior uses Medicaid to pay for their care, Medicaid counts and records every dollar spent on the Medicaid recipient. Following the Medicaid recipient’s death, Medicare will submit a bill to the recipient’s probate estate for every dollar that Medicaid spent during life. This is a program called Medicaid Estate Recovery. If not properly protected, Medicaid Estate Recovery can cause families to lose valuable assets including the recipient’s home. Long term care and Medicaid planning allows the recipient to protect these valuable assets and preserve more of the senior’s estate.
Parker Eldercare works with Vance Parker Law to deliver affordable, personal, professional elder law, estate planning, asset protection, and Medicaid legal services to clients living in North Carolina.
A North Carolina-licensed attorney in good standing since 1992, Vance holds his Doctor of Jurisprudence (JD) degree and his Master of Business Administration (MBA) degree from the University of Texas at Austin. He is a member of the National Academy of Elder Law Attorneys (NAELA), ElderCounsel, the North Carolina Bar Association (NCBA) Elder and Special Needs Law Section, the NCBA Estate Planning and Fiduciary Law Section, the NCBA Real Property Section, the Financial Planning Association (FPA), and the Healthcare Industry Professionals Serving Seniors (HIPSS).
Vance Parker Law has been rated A+ by the Better Business Bureau of Northwest North Carolina
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