Medicaid Planning/Asset Preservation
Concentrates on assisting individuals who are interested in preserving their estate, so that it is not depleted in the event of their placement in a skilled nursing facility.

The monthly cost of placement in a skilled nursing facility is approximately $4,000.00. Unless an individual has income of more than this amount, they are faced with the unattractive prospect of invading their principal to pay the cost of the skilled nursing care.

Medicaid is a form of public assistance available to qualified individuals to help pay the cost of skilled nursing care. In order to qualify for medicaid, an individual must meet both the monthly income criteria and the asset criteria. To meet the monthly income criteria, this office can assist individuals by preparing an irrevocable income cap trust. To meet the asset criteria, this office can assist individuals by advising them on legitimate ways of "spending down" their assets through authorized gifts, purchases and other means.

Law Office Of Charlene Francis
1122 Third Street, #8 - Neptune Beach, Florida 32266
P.O. Box 51246, Jacksonville Beach, Fl 32240-1246
Telephone (904) 242-7979 • Facsimile (904) 242-7977

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