Elder Law – Protecting Your Assets

Planning for MassHealth Medicaid is an important step in preparing for the future. If you are concerned about qualifying for benefits, call Perry, Krumsiek & Jack, LLP. Serving New England and beyond, our experienced elder law attorneys, led by Philip Jack, are ready to help protect your assets.

Contact Perry, Krumsiek & Jack, LLP
617.720.4300 | E-mail

There are stringent income- and asset-level requirements established for the MassHealth insurance program. Often these low levels cause concern to those who wish to keep the home, possessions and income they worked for hard to achieve.

There are strategies available for asset protection.
One of the strategies for asset protection is developing irrevocable trusts. Trusts, in general, allow you to choose who will make decisions for you if you are unable. They assign powers of attorney and guardianship as well as indicate your desires for health and long-term care. Trusts, along with wills, can be important components of a comprehensive estate planning strategy.

At Perry, Krumsiek & Jack, our lawyers are up-to-date on the current Medicaid requirements and the legal strategies for asset protection. We are able to meet with you to discuss your long-term goals, review your list of assets and determine appropriate ways to protect them. We will develop an individualized protection plan for you based on your situation and the type and value of your assets.