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Elder law and Medicaid planning can be challenging for seniors and their families, but it doesn’t have to be. At Collin’s Family & Elder Law Group, we have extensive experience in all aspects of elder law and Medicaid regulations and can advise on the timing and strategy to best meet your needs. Our Medicaid planning attorneys in North and South Carolina are committed to providing comprehensive and compassionate legal guidance to help you protect your assets, preserve your legacy, and make informed decisions regarding your future.

Navigating the Complexities of Elder Law & Medicaid Planning: What You Need to Know

Elder Law is a unique area of law that focuses on goals and objectives that meet the needs of older clients and their families. Our attorneys use a variety of legal tools and techniques to help our clients in the areas of:

  • Estate Planning
  • Medicaid crisis planning and application
  • Medicaid Estate Recovery
  • Long Term Care, Assisted Living and Nursing Home Issues
  • Retirement Planning
  • Issues surrounding paying for healthcare
  • Guardianships
  • Estate Proceedings
  • Community Resources

Medicaid Spend-Down Planning in North and South Carolina

Allocating and redistributing your finances as part of a Medicaid spend-down plan in NC or SC can feel overwhelming, especially when you still want to safeguard your assets without losing Medicaid eligibility. At Collins Family & Elder Law Group, our dedicated Medicaid planning attorneys in North and South Carolina help you create a personalized plan to manage your income and resources, ensure your financial well-being, and give you access to the care you deserve.

When Should I Get Started With Medicaid Planning?

Many people put off Medicaid planning until they qualify for it. However, this can be a costly mistake when it comes to caring for seniors and aging loved ones. Instead, the sooner you start planning, the better off you’ll be. That’s why working with an experienced Medicaid planning attorney in North or South Carolina is essential. Our attorneys can help you redistribute your assets and create a Medicaid spend-down plan to ensure you qualify for the program when the time comes.

What Is the Medicaid Five-Year Look-Back Period?

One of the biggest challenges to qualifying for Medicaid services is the five-year look-back period. This happens when Medicaid looks at your financial records from the last five years before you applied to the program. If they find that you’ve transferred money, sold property, or redistributed assets to reduce your overall financial status, you may be disqualified from Medicaid coverage.

Converting Countable Assets to Non-Countable Assets

You can take a few different approaches to help reduce your assets so you qualify for Medicaid. First, you can simply spend your money. Take large family vacations, dine at nice restaurants every night, or spoil your family on birthdays and holidays. 
The best option is to convert countable assets into non-countable assets. This could mean putting your money toward a home remodel or even buying a new car to ensure your finances are low enough to qualify for the Medicaid coverage you need. 

As you work with our Medicaid planning lawyers in North and South Carolina, you can discover different ways to convert your assets to maintain your Medicaid eligibility.

image of doctors equipment and medicaid tag

Medicaid Spend-Down Examples

Below are a few common items which can be included in a Medicaid spend-down in NC and SC. Depending on your specific situation, there may be other recommended options.

  • Purchase a new home
  • Renovate your existing home 
  • Make general home improvements 
  • Prepay funeral plans 
  • Take vacations
  • Retirement Planning
  • Issues surrounding paying for healthcare
  • Guardianships
  • Estate Proceedings
  • Community Resources

To learn more about the specifics surrounding SC and NC Medicaid spend-down rules, contact our experienced team today.

Protecting Your Assets

We know how important it is for you to protect your hard-earned money and assets, even when preparing for Medicaid coverage. That’s why our Elder Law and Medicaid planning attorneys in North and South Carolina are dedicated to helping you protect your assets and creating a Medicaid spend-down plan that fits your unique needs.

Consult an Experienced
Elder Law Attorney

You can contact our experienced Elder Law and Medicaid planning attorneys in North and South Carolina to ask any questions you may have about Medicaid planning or to get the process started.

Meet the

At Collins Family & Elder Law Group, we are focused on putting you and your needs first for any legal assistance you require. You can meet our team here to learn more about us and our incredible lawyers.

Client Reviews

We are dedicated to providing exceptional service in all areas of the law and fighting for the best outcomes for your needs. You can read reviews from our satisfied clients to see why we’re the best choice for Elder Law and Medicaid planning in North and South Carolina.

Chad Simpson

Mark Isley

Remona Griffin

Related Topics

Are you interested in our other legal services? Check out some related topics here. 

Estate Planning

Special Needs Planning

Estate Administration


Contact Collins Family & Elder Law

If you want to work with an experienced and compassionate estate attorney in North or South Carolina, Collins Family & Elder Law Group is here to help. Fill out our contact form below to request a consultation. 

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