Elder Care Estate Planning In St. Paul

Located in St. Paul, PFB Law, Professional Association, has been helping individuals and families throughout Minnesota protect their aging family members and preserve their families' wealth for more than 40 years.

Medicare Planning Lawyers Serving Eagan And The Surrounding Areas

Rising costs of health care, the downturn in the economy and the disappearance of traditional pension plans have caused many individuals to rely on government-funded programs, such as Medicaid, in their old age. However, in order to benefit from these programs, you must qualify from a financial standpoint. Many people are on the border — they need government-funded programs to cover the costs of long-term care, but have too many assets to qualify.

In addition, the state will take a portion of your assets to cover the costs of Medicaid. This can be particularly problematic for individuals with family farms, cabins, recreational lands and other legacy type properties they want to pass on to the next generation.

At PFB Law, Professional Association, our attorneys draft thoughtful, comprehensive estate plans that use "spend down" techniques that enable our clients to qualify for Medicaid while protecting their families' legacies.

We work with clients to convert money and other nonexempt assets into exempt assets, draft rental and care agreements, and transfer assets — such as cabins, family farms and recreational hunting lands — out of your estate either directly to family members or into a family limited partnerships, limited liability companies (LLCs) and irrevocable Medicaid trusts, to keep them out of the state's reach and safeguard them for future generations.

Protect Your Assets, Plan For The Future

As you age, it is important to think both about your long-term care and about protecting your property and finances for your heirs. Contact PFB Law, Professional Association, to schedule a consultation about elder care estate planning. Call our St. Paul law office at 651-968-1022 or toll free at 866-561-3419.