Healthcare Trusts

Pennsylvania Life Care Planning Attorneys

Rising health care costs are a concern for most Americans. Even if your retirement plan offers health care coverage, there is no guarantee it will be enough for you and your spouse in later years. Additionally, it is important for disabled children who need medical care now to have secured funds available for future medical expenses after they are on their own. The estate planning lawyers at Snyder & Wiles, PC, provide life care planning counsel and representation for individuals and families interested in creating health care trusts. Our office, working with accountants, tax experts, and life care planners, explains how to structure a health trust in order to protect and secure funds for future medical costs.

Our office addresses the legal and financial issues involved; undertaking measures to ensure your health care trust is secure. To schedule an appointment, contact estate planning lawyers at Snyder & Wiles, PC.

Health Care Trusts

The law office of Snyder & Wiles, PC, advises and represents clients in regard to the following kinds of issues related to health care trusts and life care planning:

• Family trust
• Income trusts
• Asset allocation
• Primary care trust
• Special needs trust
• Trust administration
• Fiduciary responsibility
• Inheritance beneficiary
• Income distribution pools

Medicaid Planning — Avoiding Impoverishment

Since Medicare coverage is limited to short-term care, most elderly Americans depend on Medicaid for their long-term medical needs. However, in order to qualify for Medicaid coverage, participants must first be impoverished. Adult children of ageing parents are then faced with a dilemma: either spend down their parent's assets or find a way to pay for expensive insurance coverage.

At Snyder & Wiles, PC, our estate planning lawyers explain how Medicaid eligibility works and how establishing a trust can help the elderly qualify without requiring them to spend down their assets. Even in cases where one spouse is healthy and the other in failing health, how planning is structured can allow them to keep their home while qualifying the ailing spouse for Medicaid assistance.

Start Planning Today

Our office uses a number of tools and resources to ensure our clients receive the most current, up-to-date information regarding trusts and estate planning. We can help you start preparing for tomorrow today —  contact Fogelsville, Pennsylvania, life care planning lawyers at Snyder & Wiles, PC.