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Why You Need A Certified Elder Law Attorney Generally, people who want to engage in Medicaid planning are those who have been diagnosed with a severe illness and, therefore, can no longer obtain long-term care insurance. A typical client may own a home and have countable assets of under $300,000. The client may be married and want to preserve assets for his or her aging spouse who is no longer able to work. Some clients are single and their goal is to preserve some of their assets for their children. There are many strategies available to preserve assets. No single strategy is right for everyone. It is the job of the elder law attorney to recommend and implement strategies that achieve the best result for the client. Many people come to the elder law attorney with very low expectations of what can be done. These clients are invariably pleased with what can be done to preserve assets. Some come with unrealistic expectations, both as to the value of the assets that can be protected and the degree of difficulty in doing so. In either case, the elder law attorney must explain the various strategies to the client and help the client choose the most promising strategy in his or her circumstances. The options are complicated and varied. Only a specialist in elder law can provide the level of competency required to understand all the options and explain them to the client. |
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