How does Medicaid Planning work for Virginia seniors?
August 1, 2024 – Matthew S. Akers & Douglas McCarthy
In Virginia, Medicaid planning involves structuring assets and income to qualify for benefits while preserving assets for the individual or their Heirs. Strategies may include creating an Asset Protection Trust, transferring assets within allowable limits, and complying with eligibility requirements to cover long-term care costs. Consult an experienced Elder Law attorney to navigate the complexities of Medicaid planning in Virginia.
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