Preparing For and Preserving Your Future
Schmidt & Schmidt, S.C. — Wausau, Wisconsin
The old way of handling divestment for purposes of estate planning was to simply give away assets for less than their fair market value. Because of recent changes in federal law this is no longer considered a viable tool for medical assistance planning or asset protection. Now, it is strongly recommended that if your assets are below $250,000, primarily consisting of your home, do NOT give any of your assets away to anyone without first talking to an attorney about the possible negative consequences of this strategy.
Avoid this mistake — contact Schmidt & Schmidt, S.C. today and learn about what you can do.
Medical and Nursing Home Planning
The high cost of medical care and nursing home care can wipe out everything that a person has worked hard for, saved or acquired over the course of a lifetime. With the average cost of Nursing home over $6,100.00 per month, an individual's or a couple's savings be consumed in a manner of a year.
Because of the severe negative consequences of doing the wrong action, significant advance planning is necessary to avoid a situation where you or your loved ones have to sell your assets just to pay for your medical or nursing home care. This goal can be accomplished with the help of an experienced elder law lawyer.
All you need to do is call.
At Schmidt & Schmidt, we help people in Wausau, Marathon County and throughout North Central Wisconsin to protect the assets of their estate from the high costs of health care and nursing home needs. We do this through careful medical and nursing home planning and through the use of effective asset protection strategies. However, the important thing to remember is that there is no better time than right now to take this critical step.
High-Quality Representation at an Affordable Cost
Call Our Wausau Office at (866) 514-1627
Reach us by phone or by e-mail today to schedule a consultation. Weekend and evening times are available by appointment. We can also meet with you in your home, in a health care facility or in another setting, if necessary. Major credit cards are accepted.