Q.  Is it true that I will need to “spend down” the bulk of my estate before I can qualify for Medicaid?

 

A.  No.  It is a very common misconception that you must spend nearly all of your estate on nursing home costs before you can obtain Medicaid coverage.  Our firm has frequently procured Medicaid qualification for individuals within 30 to 60 days, regardless of the size of his or her estate.  With proper planning, you too may preserve your estate from the high costs of nursing home and medical care.  However, due to the complexity of the state laws regarding Medicaid, qualifying for Medicaid with a large estate is a complicated matter that should involve the aid of an attorney with expertise in Medicaid and estate planning.