Elder Law Attorney Michele Ungvarsky Reveals Essential Information to Help Qualify for Medicaid Planning – Las Cruces, NM

Leading elder law attorney Michele Ungvarsky, founder at Estrada Law P.C. in Las Cruces, New Mexico, has just revealed the importance of getting the right advice for Medicaid planning. For more information please visit https://www.estradalawpc.com

Las Cruces, New Mexico, United States – July 30, 2018 /MM-REB/ —

In a recent interview, leading elder law attorney Michele Ungvarsky, founder at Estrada Law P.C. in Las Cruces, New Mexico, revealed why it’s essential to get the right advice for Medicaid planning.

For more information please visit https://www.estradalawpc.com

When asked to comment, Ungvarsky said, “One of the biggest concerns among the aging population is qualifying for Medicaid to cover increasing medical and health bills such as nursing home costs. However, wrong advice in applying for Medicaid can result in losing assets, putting you and your loved ones in a difficult situation.”

Seeking Medicaid planning advice from the right professionals, Ungvarsky says, is crucial for meeting the needs and rights of senior citizens.

When asked for an example, she said, “A bank and an elder law attorney will probably offer drastically different recommendations. For instance, a bank employee might encourage you to invest in an annuity that takes years to mature, which means you wouldn’t have access to your money for years without incurring a penalty.”

Lawyers not versed in elder law can often make mistakes.

When asked to elaborate, she commented, “Not everyone understands the ins and outs of the complex Medicaid system, including estate planning attorneys. Many people equate elder law and estate planning – but they’re not the same.”

Elder law lawyers protect your money and assets while you’re still alive while estate planning attorneys focus on how to distribute your assets after dying.

She added that, “Estate planning lawyers could make mistakes when drawing up trust agreements to protect your family’s money before applying for Medicaid. You’ll need to hire someone who knows how to carefully word trust agreements so your assets will be protected.”

Having incorrectly worded trusts, Ungvarsky added, could jeopardize your eligibility to qualify for Medicaid benefits.

Further to this point, elder law attorneys can use their knowledge to advise on the best way to apply for Medicaid.

When asked to elaborate, Ungvarsky commented, “Many times, people are unaware that certain types of income and savings are exempt under the law from being applied toward medical costs. Someone specialized in elder law can help prove that certain assets shouldn’t be taken into consideration when applying for Medicaid.”

“If you’re wondering where to start in planning for Medicaid, then consult an experienced elder law attorney to learn about the best way to proceed,” she commented.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Michele Ungvarsky
Organization: Estrada Law, P.C.
Address: 4611 Research Park Cir,
Phone: 5755562462

For more information, please visit https://www.estradalawpc.com

Source: MM-REB

Release ID: 384894