Lake Norman Elder Law & Medicaid Services Attorney
Professional Guidance for Families in Cornelius & the Greater Charlotte Area
Confused about Medicaid? You’re not alone! The complexity surrounding this constantly changing area of the law can sometimes feel overwhelming… it doesn’t need to be.
Caring for the elderly and ensuring their assets are protected are some of the primary services offered by our law firm.
What is Elder Law?
Elder Law involves planning for the complex health care, long-term care, and other issues facing elderly and disabled individuals and their families. Studies show that we stand a 40 percent chance of needing long-term care at least once before we die. Therefore, everyone should take into account that at some point residency in a nursing home or an assisted living facility may be needed.
However, the substantial cost of nursing home care for an incapacitated person can wipe away a family’s nest egg and the inheritance planned for surviving family members. The primary alternative to privately paying the nursing home is Medicaid.
Medicaid Planning Myths
So many times clients come to our office under the mistaken impression that there is nothing that can be done to protect assets from nursing home costs. Fortunately much of the circulating consumer knowledge is false or misinterpreted. For example, it isn’t always necessary to wait 5 years after gifting assets to become eligible for Medicaid. The answer actually depends upon the specific facts of your case. With the help of an experienced Elder Law and Medicaid Planning attorney many of the assets you have spent a lifetime accumulating can be protected from high nursing home expenses.
Medicaid Asset Protection Strategies
Although with the recent passage of the Deficit Reduction Act, increased restrictions affect the use of some techniques, other asset protection strategies remain viable, especially for married couples where one spouse requires long-term care. Some of these techniques may include setting up an Irrevocable Living Trust, making gifts to family members, and paying for certain Medicaid expenses.
Whether you are facing long-term care issues yourself or you have a family member who is, we encourage you to call with your questions or ask us for a free report. Be sure to call sooner rather than later because the timing of the decisions families need to make has a dramatic impact on whether or not someone can actually qualify for this type of support.
Decades of Experience
Helping Clients Protect What Matters Most
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Recognized Leaders
Our legal affiliations reflect our commitment to advanced training, ongoing education, and elevated estate planning standards.
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Convenient Office LocationsWith multiple office locations and flexible virtual meeting options, we make it easy to meet in the way that works best for you.
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Education-First Approach
We believe you should fully understand the documents you sign. Our team takes the time to explain your options and ensure you leave with confidence, not confusion.
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Law Made Simple
We’ve built a streamlined, guided process that makes legal documents easier than you think. We offer flexible virtual meetings and clear next steps at every stage.
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Educational Resources and Supportive GuidanceWe provide educational resources to help you understand your options and make informed decisions.
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Comprehensive Protection for Your Future and LegacyThe firm guides clients to ensure both peace of mind and meaningful protection for loved ones.
A Reputation Built on Trust and Results
You Deserve Honesty, Dedication, and Strong Legal Advocacy
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“Punctual, responsive, is what I look for as my time is valuable. Beth was great about explaining, providing examples, and helping me get through the process.”- D. Washington
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“Beth and her team were efficient, proactive, professional, and excelled at their communication. Really appreciate the help to get my Will and related documents ready and in place. Thank you.”- Joe M.
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“Very friendly and knowledgeable customer service. We had our will completed. Last year we closed on our house with Knipp law. I highly recommend them.”- Brian Miller
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“Beth and her team were absolutely amazing. Answered all of my questions and prepared everything quickly. Thanks for the amazing work.”- Jeffrey Paul Wolff
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“Beth Marks was very professional to deal with, no nonsense get it done approach. She was able to prioritize our needs. Very detailed and thorough. Explained the documents well. Love her dry sense of humor. We have also used them for 2 real estate deals and experienced the same level of professionalism.”- Barb McCabe
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“My wife and I had an exceptional experience with Knipp Law Firm. Tarrah Brown was extremely helpful, answered all of our questions and communication was great throughout the entire process. Will definitely recommend to others and will use them ourselves again in the future!”- Andrew Palladino
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“Excellent service from start to finish. Staff were knowledgeable and very receptive to all my wishes as a client.”- Keye A.
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“This people are the best! Easy to work with. Very caring and concerned about my family’s future. Nothing but good vibes from this firm. Thank y’all so much for everything. Tim”- Cackalacka Boi
