Central And Southeast Ohio Medicaid Planning Lawyer
The Jarvis Law Office helps Ohio residents qualify for Medicaid to pay for long-term care.
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Medicaid Planning In Ohio
Medicaid Eligibility
- Be disabled or 65 or older
- Meet the asset requirements
- Meet the income requirements
Medicaid Asset Protection Trusts
Many people set up Medicaid asset protection trusts so they can qualify for the program. This is an irrevocable trust, so you cannot modify or revoke it once you create it. In addition, after you transfer assets into the trust, they’re no longer part of your estate. Thus, they don’t count toward the program’s asset limit.
However, Medicaid has a lookback period of five years from the date you apply for the program. When you submit your application, the government will check for all transfers made within the last five years. Those transfers will count toward your estate. Thus, it’s important to contact a Southeast and Central Ohio Medicaid planning lawyer soon to start the process.
Medicaid-Compliant Annuities
Do you depend on annuities as part or all of your income? If so, your Central Ohio Medicaid planning lawyer will review them to make sure they’re Medicaid-compliant. Otherwise, the money will count toward your income and asset limits.
Income And Asset Limits
As of 2021, you cannot make more than $2,382 a month or have more than $2,000 in assets to qualify for Medicaid as an individual. If both you and your spouse are applying, your income limit is $4,764 a month, and the asset limit is $3,000. Even if you are well over the limit, your Ohio Medicaid planning lawyer can help. Consult with a lawyer today to find out how an irrevocable trust and other strategies can help you qualify.
What’s Considered Income?
The government counts all money that you receive as income. That includes pension, social security, stock dividends, and more. If you are unsure of how much income you earn, consult with an attorney. Your lawyer will go over your finances to determine the strategies necessary to help you qualify for Medicaid.
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Why Choose Jarvis Law
- Free Consultation – Discuss your needs during a complimentary consultation with the Jarvis Law Office. We can consult with you virtually, so you don’t even have to come into the office.
- High Satisfaction Rate – Our clients have left reviews praising our knowledge, experience, and helpfulness. We have a track record for high-level service and customized solutions.
- Focused Practice Areas – We focus exclusively in the areas of elder law, estate planning, asset protection, and business succession planning.
- Three Convenient Locations – We have offices in Lancaster, St. Clairsville, and Dublin, making it easy to reach clients throughout Central and Southeast Ohio.
- Free Events – Our firm offers free events for Ohio residents. These events cover essential estate planning issues, such as how to pay for long-term care while protecting your assets.
- Family First – We’re focused on family. Our family (yes, we employ several family members in the firm) protecting yours. Customized to your family and your values. Leave the legacy you want.
Testimonials
I have worked with Emily at Jarvis Lancaster location and she is very personable, friendly and has “Great” customer service. I would recommend Jarvis Lancaster location to anyone who needs assistance with elder care planning!
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