The expense of a long-term nursing home stay often forces seniors to rely on Medicaid. But without prior planning, many seniors run through their money before being ruled eligible. Teresa K. Bowman, P.A. offers an in-depth evaluation of your current financial situation to advise you of your options if you, your spouse or partner becomes seriously ill and needs long-term care. Medicaid is a joint federal and state medical assistance program: both state and federal dollars make up the Medicaid budget. For many people seeking Medicaid eligibility, however, complex rules make navigating the system difficult. Your best course of action is to seek advice from someone who not only knows the laws but also understands the rules and policies of the agencies involved.
People applying for Medicaid must meet strict income and asset limitations. Through estate planning, you can transfer assets to loved ones in advance of your application for Medicaid, but you must do so more than five years ahead of your application or you trigger a penalty period that automatically pushes back your eligibility. If you haven’t protected your assets through long-term planning, I may still be able to help you avoid undue financial hardship by providing reliable advice on:
As a dedicated elder law attorney, I am committed to helping you get the medical assistance you need while protecting as much of your wealth as possible.
Teresa K. Bowman, P.A. helps people throughout Sarasota and Manatee counties with Medicaid eligibility and asset protection issues. Please call 941-735-5200 or contact me online to schedule an appointment at my Sarasota office.
"In October 2009, my fiancé (and future wife) and I wanted to have estate documents prepared. Upon the recommendation of friends, we contacted an elder law firm in Sarasota, FL. We were assigned to Teresa K. Bowman, an estate planning and elder law attorney. Over the course of several months, she helped us to develop and refine our documents to our exact specifications and requirements, with our complete satisfaction. During the next few years, various modifications to our documents were required, and she helped us to implement these changes, always with absolute professionalism and precision, and with a warm, friendly manner. Incidentally, Teresa Bowman, serving in the role of Justice of the Peace, presided over our wedding ceremony in May, 2010. It was the first wedding ceremony she had ever performed, so we trust that it is just as memorable an event for her as it was for us. In 2014, when Teresa Bowman established her own Estate Planning and Elder Law practice, we, of course, transferred our accounts to her new firm. She has since implemented additional modifications to our estate documents, with the same high level of service that we have come to expect and appreciate. We would have absolutely no reservations in recommending Teresa Bowman and her firm to anyone who has need of the services she renders." - Robert G. and Judith L. Hores