• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Law Office of Yvonne Michaud Novak

Estate Planning & Elder Law Attorney Duluth, MN

Compassionate Effective Advocate
phone(218) 720-2888
Schedule a Free Consultation
payment
  • Facebook
  • Home
  • Firm
    • Attorney Profiles
    • Staff Profiles
  • Services
    • Asset Protection & Business Planning
    • Bankruptcy
    • ESTATE AND GIFT TAX FIGURES
    • Estate Planning Services
    • Family Owned Businesses
    • Incapacity Planning
    • Pet Planning
    • SECURE Act
    • Trust Administration & Probate
  • Elder Law
    • Are You a Caregiver?
    • Coping with Alzheimer’s
    • Emergency Medicaid and Nursing Home Planning
    • Guardianship and Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veterans Pension Benefits
  • Webinars
  • Resources
    • Communities We Serve
      • Two Harbors, MN
      • Duluth, MN
      • Superior, WI
    • Definitions
    • Elder Law Reports
    • Estate Planning Reports
    • FAQ’s
      • Estate Planning FAQs
      • Incapacity Planning FAQs
      • Legacy Wealth Planning FAQs
      • LGBTQ Estate Planning FAQs
      • Trust Administration & Probate FAQs
    • Forms
    • Free Estate Planning Seminars
    • Free Estate Planning Worksheet
    • Is Your Estate Plan Outdated?
    • Newsletters
    • Pre Consultation Form
    • Published Book
  • Reviews
    • Review Us
  • Blog
  • Contact Us
Home / Elder Law / Medicare Planning

Medicare Planning

You Don’t Have to Go Broke Paying for Nursing Home Care!

Maybe your health is declining or you’ve had a recent “close call” or you’re healthy but are concerned about your family’s history with Alzheimer’s or other illnesses or you’ve seen others have their assets wiped out paying for assisted living or nursing home care…. And you’re worried about who will care for you and how you’ll pay for that care in your later years.

Click here to learn about the 5 options available for paying for long-term care.

Planning Early is Vital

– You May Qualify for Medicaid to Pay Your Nursing Home Bills, Which Can Save You Thousands of Dollars Each Month!

Due to the limitations of the options available to pay for care, Medicaid is the most popular option for most Americans. The need for nursing home care does not have to catch you off guard. Planning early is vital, if possible you should begin planning at least five years before you need to enter a nursing home. When you plan far in advance, you can work within Medicaid guidelines to create a plan that protects the majority or all of your assets from long-term care expenses.

Benefits of Medicaid Pre-Planning

  • Protects Your Family Home – Prevents the Government from taking possession of your home when you die as a result of “State Medicaid Recovery.”
  • 5-Year Look-Back Penalty – Minimizes your risk of facing this penalty and being disqualified from receiving benefits, forcing you to spend your nest egg and your kids’ inheritance to pay for care.
  • No Gifting Penalty – When you give your assets away to a loved one directly, you may face potential gift tax issues. However there are strategic methods of transferring your assets so they are completely gift tax free!

Our experienced attorneys can help you understand the choices available to you and prepare for the future with a clear plan for how to pay for a nursing home without going broke or losing the family home. Click here to schedule your personal consultation or call us at (218) 720-2888.

Primary Sidebar

Free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook

Law Office of Yvonne Michaud Novak

Law Office of Yvonne Michaud Novak
202 West Superior Street, Suite 303
Duluth, MN 55802
United States (US)
Phone: (218) 720-2888
Fax: 866-366-7695

Office Hours

Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM

Office Map

ymn_sidbr_map

Footer

  footer logo  

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Privacy Policy | Terms of Service | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys

© 2023 Law Office of Yvonne Michaud Novak, All Rights Reserved.

Copyright © 2023 · YMNLAW on Genesis Framework · WordPress · Log in