Medicaid Planning

Helping Protect Your Assets With Medicaid Planning

For most individuals, the object of Medicaid/ medical assistance planning is to protect the home and savings (by not paying them to a nursing home), while simultaneously qualifying for nursing home Medicaid benefits as soon as possible. Most people pay out of their own pockets for long-term care until they become eligible for Medicaid. Medicare and insurance pay very little of this expense. While Medicare is an insurance program, Medicaid is a "resource-tested" entitlement program which has income and asset limits.

Medicaid is joint federal and state program and each state administers the program with it's own rules. To complicated it, Illinois rules do not comply with the current Federal law. There is one set of rules for married couples and another for single individuals. Some assets are exempt and others are not. Some transfers are permitted but some are not. Some transfers can be made more easily than others. This is not a do it yourself project. What will work for one person will not necessarily work for the next. It is very specific to your family and financial circumstances.

I am elder law and Medicaid planning attorney William Wombacher. For more than 25 years, I have been assisting clients throughout Illinois transfer, protect, and preserve assets for their families. I have been certified as an elder law attorney (CELA) by the National Elder Law Foundation since 2003 - the only certified elder law attorney practicing in downstate Illinois.

Contact my law office in Peoria, Illinois, to learn more about my experience and how I can help you achieve your asset protection goals.

You worked hard for you assets. I can help you preserve them.

I will look at your unique financial situation and help determine the best option for you. By customizing your estate and Medicaid planning approach, I can help ensure that you receive the financial assistance you need.

	The Law Office of William C. Wombacher Call Toll-Free 1-888-365-0852 700 Commerce Bank Building 416 Main Street, Suite 700 Peoria, IL 61602 Telephone: (309) 265-0844 ● Fax: (309) 674-8149 Map and Directions ● E-Mail Me
Peoria, Illinois attorney William Wombacher provides estate planning services in the Tri-County area surrounding Peoria, Illinois, (Peoria County, Tazewell County, and Woodford County). He assists clients with Social Security Disability and SSI appeals throughout central Illinois, including Peoria, Morton, Pekin, Chillicothe, Bloomington, Canton, and Galesburg.