Nursing Home Planning Attorney in Troy, Ohio
Experienced Troy, Ohio Nursing Home Planning Lawyer
Although few of us want to think of a time when we might need long-term care, according to LongTermCare.gov, an individual turning 65 today has almost a 70 percent chance of needing some type of long-term care services during their remaining years. Women tend to need care longer than men, and while almost a third of today’s 65-year-olds may never need long-term care support, 20 percent will require long-term care for longer than 5 years. Having an experienced Troy nursing home planning attorney from Lovett & House by your side can make the experience much simpler and less stressful.
The town of Troy lies about 19 miles north of Dayton, nestled in the Miami Valley of Ohio. With approximately 26,000 residents, Troy is full of local, unique things to do. Troy is well-known for the Troy Strawberry Festival, held on the first weekend of June, featuring entertainment, craft vendors, activities for the children, and delicious strawberry delights. Downtown Troy offers a year-round abundance of events, shops, and restaurants, and in the summer, you can shop at the local farmer’s market, Cherry Street Local, or other shops.
If you love art, you will love Troy! Each summer, sculptures adorn downtown for Sculptures on the Square. Each year is different; the theme for 2021 was Take Flight. Troy is filled with beautiful green spaces, and plenty of parks for individuals and families to enjoy, filled with ponds, play areas, dog parks, hiking trails, and a sports complex.
Your Family's Peace of Mind is Priceless
Read Our Former Clients' Five-Star Reviews
Our compassionate and through approach to Estate Planning makes a real difference in our clients' lives. Read reviews in their own words below.
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"The Best Customer Service"George and his crew provide the best in customer service and have an outstanding work ethic. They have always been there to help us when needed!- Mark S.
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"He Made It Easy"Bill was very friendly, knowledgeable, and kind. He made Estate Planning fun, fast and easy. We both feel relief to know our wishes are spelled out and our assets are protected!- Sherry C.
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"Peace of Mind"He explained each step 100 percent. He takes the time to talk WITH you, not TO you. I am so thankful I went to his seminar and took advantage of the free consultation.- Rosa S.
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"Made It Easy to Understand"George Lovett made our estate planning easy to understand and informative. He used our personal information to create a plan that was tailor-made to us.- Pamela O.
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"Expertise & Attentiveness"We were very pleased with the service, expertise, and attentiveness we received. We are glad that we choose Lovett & House for this.- Pat D.
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"A Pleasure to Work With"George Lovett has helped my family tremendously. He always explained our options and took care of us with the utmost professionalism.- Marlene W.
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"Easy to Understand"They made it easy to update our estate planning needs. All our questions were answered in easy to understand language and we didn't feel overwhelmed.- Rita S.
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"Very Helpful"he Estate Trust planning was easy to do with the Lovett & House. George H. Lovett and William H. House were very knowledgeable and helpful.- Judith A.
Medicaid Eligibility Rules
To qualify for Medicaid, you must be disabled, blind, or 65 years of age or older and require nursing home care and your income must be at or below $2,523 per month, as of 2022. If you are receiving SSI assistance, you already qualify. Ohio—unlike some other states—allows those who are 65 or older, blind, or disabled, to “spend down” their income by paying for health insurance premiums, unpaid medical bills, or nursing home bills. Your Troy nursing home planning attorney from Lovett & House can help you determine what your monthly spend-down amount is to enable you to be eligible for Medicaid.
To be Medicaid eligible, you are allowed to have no more than $2,000 in resources. In the state of Ohio, a car and a home are exempt from this resource amount (your home may have an equity value of up to $636,000). Exemptions also include your personal things. Your retirement account(s) are considered assets to the extent you are able to withdraw money from them. If your spouse will continue living in the marital home, then the home is exempt, regardless of its value.
A spouse living independently is also allowed to keep a certain amount of income each month—Community Spouse Income Allowance. Ohio assumes half the assets you had at the time before you were admitted to a long-term care facility belong to your spouse, subject to a certain limit. Finally, once you qualify for Medicaid and are residing in a nursing home or long-term care facility, you will be expected to spend virtually all of your income on your care and are only allowed to keep $50 per month as your personal needs allowance.
Getting the Help You Need from a Troy Nursing Home Planning Attorney at Lovett & House
The experienced, knowledgeable Lovett & House attorneys can help you plan for the future by implementing Medicaid trusts, setting up a will, applying for Medicaid, or receiving VA or Attendance benefits. Attorney George Lovett has spoken and written on Medicaid and nursing home planning issues hundreds of times to other lawyers, nursing home administrators, and families. At Lovett & House, we can address all your concerns related to Medicaid and long-term planning.
Contact an experienced Troy nursing home planning attorney from Lovett & House Co., LPA today.
