If you're facing divorce, and you and your spouse have a significant amount of assets, the issue of noncommunity property becomes a very pressing one. Any property that can be shown not to be a "marital asset" - generally because it was owned by one spouse before the marriage - will be retained by that spouse and will not be factored in during property division.

Medicaid Qualification

It is an unfortunate fact of life that either you or your spouse -- or both of you -- may wind up needing to be placed in a nursing home one day.

This is becoming an increasing common problem for many as our life expectancy continues to grow longer and longer. Once you reach 65 years of age, you will likely live until you are in your 80’s. As a result, nearly one of every two women and one in four men will find themselves in a nursing home some time in their lives.

Unfortunately, Medicare will usually not pay for it, which means that you could be faced with having to pay thousands of dollars per month in nursing home cost out of your own pocket.

In Florida, as in most states, you are required to “spend down” all of your income and give up most, if not all, of your assets before Medicaid will help pay their nursing home costs. Fortunately, there is another option, however. With proper planning, you can protect your income and assets and you can get Medicaid to pay for those expensive nursing home costs for you or your loved one.

We can show you legal techniques and strategies that will allow you to be covered by Medicaid and still keep your home and many of your assets or to allow you to give some of your assets away to family members or other loved ones now.