Medicaid Planning

MICON's Planning Services

Medicaid planning is…

• Advice regarding long-term care
• Assistance with spend-down
• Estate planning and the division of assets for married couples
• Having a Durable Power of Attorney, and a Will or a Trust
• Advice regarding transfer of assets and associated penalties
• Repositioning assets
• Use of Medicaid annuities as planning strategy
• End-of-Life Planning (Deciding how you want financial and medical affairs handled if you become incapable of making your own decisions.)

MICON’s Personal Financial Profile is your first step to Medicaid planning. It will help us gather, organize, and analyze pertinent information about you and turn it into a comprehensive picture of your assets and an analysis of how protected your estate is. Your profile will help us initiate Plans of Action to help you protect your estate from spend-down and estate recovery. Lastly, we recommend that you take a copy of your Personal Financial Profile to an Elder Law attorney before implementing the plan. If you don’t have an Elder Law attorney, we would be happy to refer you (The Power of Team).