Medicaid Planning Attorneys in El Paso, TX & Southern New Mexico

Medicaid planning is an essential process for individuals and families seeking to qualify for long-term care benefits without losing their hard-earned assets. At Townsend Allala, Coulter & Kludt, PLLC, our experienced attorneys assist clients in El Paso, TX, and Southern New Mexico with navigating the complexities of Medicaid to secure coverage for nursing home care and in-home support. Proper Medicaid planning helps you protect your assets while ensuring you or your loved one receives the necessary care. Ready to get started? Contact us online or give us a call at 915-533-0007 today to learn more about your Medicaid planning options!

Why Medicaid Planning Is Important

Long-term care, whether in a nursing home or at home, can be prohibitively expensive. In Texas and Southern New Mexico, the cost of care can quickly deplete your savings. Medicaid is a federal and state program that can help cover these costs, but qualifying for Medicaid often requires careful planning. Without proper planning, many individuals are forced to spend down their assets to qualify. Our Medicaid planning services ensure that you can protect your assets while meeting the eligibility requirements for long-term care Medicaid.

How We Help with Medicaid Planning

At Townsend Allala, Coulter & Kludt, PLLC, we specialize in helping clients across El Paso and Southern New Mexico with all aspects of Medicaid planning. Our services include:

• Medicaid Eligibility Assessments: We review your financial situation to determine your eligibility for Medicaid and provide guidance on how to meet the requirements without sacrificing your assets.
• Asset Protection Strategies: We develop legal strategies to protect your home, savings, and other valuable assets from being spent down to qualify for Medicaid.
• Medicaid Applications: We assist with the Medicaid application process, ensuring all documentation is accurate and complete, to avoid delays in securing benefits.
• Crisis Medicaid Planning: If you or a loved one is in immediate need of long-term care, we can provide emergency planning services to help you qualify for Medicaid benefits quickly.

Common Medicaid Planning Myths

Many misconceptions surround Medicaid planning, and without the right information, families often make costly mistakes. Some common myths include:

• Myth: "I have to spend all my money before I can qualify for Medicaid."
  Fact: Proper Medicaid planning allows you to protect your assets while still qualifying for benefits.
• Myth: "My home will automatically be taken by Medicaid."
  Fact: With the right legal strategies, you can protect your home from Medicaid Estate Recovery.
• Myth: "It's too late to start Medicaid planning if my loved one is already in a nursing home."
  Fact: Even in crisis situations, Medicaid planning can help protect your assets and secure benefits.

Why Choose Townsend Allala, Coulter & Kludt, PLLC?

With extensive experience in Medicaid planning and elder law, Townsend Allala, Coulter & Kludt, PLLC is a trusted resource for families in El Paso, TX, and Southern New Mexico. Our team understands the complexities of Medicaid and can help you navigate the legal and financial challenges to ensure you qualify for benefits without losing your assets. We provide personalized legal strategies tailored to your unique situation, so you can secure the care you need with peace of mind.

Medicaid Eligibility Requirements in Texas and New Mexico

Medicaid eligibility requirements vary depending on income, assets, and medical necessity. In Texas and New Mexico, there are strict financial limits for individuals seeking long-term care Medicaid benefits. To qualify, your assets must fall below a certain threshold. However, with proper Medicaid planning, many assets can be protected through tools such as irrevocable trusts, exempt transfers, and asset spend-down strategies.

Frequently Asked Questions About Medicaid Planning in El Paso, TX

What is the Medicaid look-back period?

The Medicaid look-back period is a five-year window during which Medicaid examines any transfers or gifts of assets to ensure individuals did not transfer assets to meet eligibility requirements. If improper transfers are found, a penalty period may be applied. We can help you navigate the look-back rules and protect your assets.

Can I keep my home and still qualify for Medicaid?

Yes, in Texas, your primary residence may be exempt from Medicaid eligibility calculations if it meets certain conditions. Our Medicaid planning attorneys can help ensure your home is protected while you qualify for benefits.

How soon should I start Medicaid planning?

The sooner you begin Medicaid planning, the more options you have to protect your assets and ensure eligibility for benefits. However, even if you need immediate long-term care, crisis Medicaid planning can still provide valuable asset protection strategies.

Contact Our Medicaid Planning Attorneys in El Paso, TX

If you or a loved one needs assistance with Medicaid planning, Contact Townsend Allala, Coulter & Kludt, PLLC online or give us a call at 915-533-0007 today. Our experienced attorneys serve clients in El Paso, TX, Southern New Mexico, and the surrounding areas. We can help you protect your assets, navigate Medicaid eligibility, and secure the long-term care you deserve.