Phone: 727-397-5571

My loved one is already in the nursing home. Is it possible to protect assets now?

Yes! When someone is in a Florida nursing home, it can be very expensive, often exceeding $9,000 per month. This means that all but the very wealthy can afford a nursing home for an extended length of time. Importantly, assets can be protected with the correct planning and advice. The first rule is that you cannot give your assets away within 5 years of a nursing home application.  The Medicaid transfer penalty rules are very strict. This does not mean, however, that an attorney cannot legally help protect assets. Hiring an elder law attorney will allow you to protect your loved one's assets, legally lowering the elder's assets to below the countable asset limit. Once the attorney lowers the funds, they will apply for Medicaid benefits for you.  

A nursing home Medicaid application can be very, very difficult. We have made over 500 Medicaid applications at our office, all without a single denial. We are glad to help you and your loved one if they are in a nursing home or assisted living facility.

D. Rep DeLoach III
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Estate Planning and Board Certified Elder Law Attorney
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