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Practice Areas

Elder Law

Elder Law
Protecting Assets from Medi-Cal
Protect Assets from Nursing Homes

Estate Planning

Estate Planning
Estate Planning for Children with Disabilities
Estate Planning for Domestic Partners
Conservatorships
Guardianships
Powers of Attorney
Healthcare Directives

Medi-Cal

Medi-Cal Planning
Medi-Cal Eligibility
Medi-Cal Asset Protection
Medi-Cal FAQS

Trusts

Trusts
Trusts / Living Wills
Special Needs Trusts
What is Trust Administration?
Setting up a Trust

Probate

Probate
The Probate Process
What is Probate?
California Probate Attorney
Understanding Inheritance Law

Wills

Wills
Writing A Will
When a Loved One Dies Without a Will
LA Probate & Living Trust Attorney
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Law Offices of Alice A. Salvo Logo

Medi-Cal Asset Protection

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Protecting Assets While Planning For Medi-Cal Benefits

If you’re seeking Medi-Cal benefits, you may be worried about the possibility of losing assets in order to meet eligibility requirements.

You may not know options are available to protect your assets. Asset protection does not affect your eligibility for Medi-Cal. Alice Salvo is an experienced Medi-Cal planning attorney. We can efficiently sort through the Medi-Cal asset protection regulations, prepare your estate and make sure you file correctly.

If you have questions about shielding your assets from Medi-Cal, or if you may qualify for Medi-Cal, we invite you to schedule a free consultation. As a California Medi-Cal planning lawyer, Ms. Salvo can explain your options and what Medi-Cal benefits may be available. Contact us today.

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What is Medi-Cal Asset Protection?

Medi-Cal asset protection typically means holding your assets in the form of a trust. This trust qualifies you for long-term care benefits while preventing “Medi-Cal Estate Recovery.” Setting up this trust early can help pay for skilled nursing facilities as well as protect your assets.

Medi-Cal asset protection is especially beneficial for individuals who have a spouse entering a nursing home. Our law firm can help file a petition in court to transfer all assets and income to the spouse who is not entering the nursing home. This may also help qualify the spouse in the nursing home for Medi-Cal benefits.

Protect Your Assets Through Medi-Cal Planning

If you are a California resident financially supporting a loved one in a nursing home, we can help. We are a Medi-Cal planning attorney and elder-law specialist. Making sense of Medi-Cal and preserving your assets is what we do best.

We welcome AARP members looking for viable, long-term care. Learn more about Medi-Cal asset protection. Save the family home and the 401(k) that you or your loved one worked so hard to acquire.

Contact our Medi-Cal planning attorney online or call 818-676-9572 for a free initial consultation to discuss your situation.

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Medi-Cal-Exempt Property And Medi-Cal Asset Protection

Individuals seeking Medi-Cal benefits in California may be able to keep exempt assets that will not affect their eligibility for benefits. These assets may include:

  • House
  • Cars
  • Household items
  • Personal items
  • Burial arrangements
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What are the Benefits of Medi-Cal Asset Protection?

If you live in the state of California and may need nursing home care in the future, protecting your assets in the form of a trust comes with many benefits:

  • Stop Medi-Cal from taking your home: If you are a Medi-Cal recipient, the state of California can make a claim on your estate for any medical bills paid on our behalf. Transferring your home to a trust will prevent this from happening.
  • Keep exclusion tax benefits on the sale of a primary residence: If you’ve lived in your home for two or more years, you may exclude up to $250,000 ($500,00 for a married couple) when you sell your home.
  • Many people gift their homes to their children for fear of losing them to Medi-Cal. Doing this means losing your tax benefit. A Medi-Cal asset protection plan lets you keep your home in your name. When it comes time to sell, you won’t miss out on this tax benefit.
  • It also may increase the property taxes.
  • Putting your assets in a trust also lets you decide which of your family members or other beneficiaries inherit your assets. You still have the power to determine who inherits your property after your death.

These are just some of the benefits of protecting your assets in the form of a trust. To learn more, schedule your free consultation with elder law attorney, Alice A Salvo.