Elder Law & Asset Protection Attorneys

The elder law attorneys at Beliveau Law Group assist individuals and families with the complex legal and financial issues that arise with aging, including strategies for protecting assets from the high costs of long-term care. Our team helps clients take proactive steps to preserve their wealth, including preparing for future Medicaid eligibility through the use of Medicaid Income-Only Irrevocable Trusts and other long-term planning tools.

The experienced elder law attorneys at Beliveau Law Group handle a wide range of elder law matters, including:

• Asset Transfers
• Medicaid Income-Only Irrevocable Trusts
• Long-Term Care Planning
• Testamentary Trusts
• Asset Protection Strategies

Planning for Long-Term Care and Future Medicaid Eligibility

Planning ahead is critical for individuals who want to protect their homes and savings in the event they need long-term care. Our elder law attorneys develop legal strategies that align with each client’s goals while addressing the financial risks associated with nursing home care. This includes helping clients create Medicaid Trusts designed to preserve assets while positioning them for future Medicaid eligibility, if needed.

There is currently a five-year look-back period under Medicaid rules, meaning that certain transfers to a properly structured irrevocable trust must occur at least five years before applying for Medicaid in order to be effective. These trusts can be powerful tools to protect the family home or other key assets when created as part of a comprehensive long-term plan.

Testamentary Trusts and Spousal Asset Protection

Traditional estate plans often include “sweetheart” wills that leave everything to the surviving spouse. However, if the surviving spouse later requires nursing home care and qualifies for Medicaid, those inherited assets may be subject to spend-down or recovery. A more protective option is to create a testamentary trust in the will of the first spouse to pass away. This allows assets to be held in trust for the benefit of the surviving spouse, rather than given outright, which may help shield them from long-term care costs and Medicaid estate recovery.

Our elder law attorneys integrate long-term care planning with estate planning strategies to help clients make informed decisions about how to preserve wealth and ensure financial security for their loved ones.

Elder Law & Asset Protection Lawyers in Massachusetts | New Hampshire | Florida

With offices in Massachusetts, New Hampshire, and Florida, the elder law attorneys at Beliveau Law Group are available to assist with your estate planning, long-term care planning, and asset protection needs. We proudly serve clients in the Greater Boston and Boston MetroWest areas, Salem and Southern New Hampshire, and Naples and Southwest Florida.

To schedule a confidential appointment to discuss how we can help you plan for the future and protect your family’s assets, contact the experienced elder law and estate planning attorneys at Beliveau Law Group today.