Florida is a great state for protecting assets from the cost of a nursing home
Attorney Tom Olsen: Hey, folks. As you're out there in the community talking to your friends and family and neighbors and co-workers, and you hear something like this that says, "Oh. Mom is going into a nursing home, $10,000 a month. Everything she ever worked for down the drain. Nothing we can do about it," please let them know that there is absolutely something we can do to protect all of mom's assets from the cost of a nursing home. We use all the Medicaid-compliant tools. Yes, Medicaid has a five-year look-back period, but we have the ability to work beyond or around that five-year look-back period, all with Medicaid-compliant tools.
Medicaid is a combination of both state and federal law. What's true here in the state of Florida is not true in other states. Robert, from a Floridian's perspective, it doesn't get any better than Florida as far as Medicaid is concerned.
Attorney Robert Hidock: We are in a sweet spot. An elderly population, great elder care lobbyists. We can do things that residents of other states can only dream about. There is a way to protect every asset you have. It's just setting a good plan and following it, and that's what we do here. We can do an assessment for you. We can create a blueprint for you to follow if it should happen. Likewise, if you're in a crisis, meaning you're in rehab, you're running out of days, we can still protect your assets. We don't worry about the five-year look-back period because we have the right tools to protect them.
Tom: Robert, here in the state of Florida, even if you never come see Olsen Law Group, no matter what, your home, the home you live in, is protected from Medicaid and nursing homes. We're talking about the home you live in, not your beach home, not your vacation home, not your rental property, and nothing needs to be done. You're automatically protected. We know that in other states, mostly in Northeast and so forth, it's not protected at all. You got into a nursing home, you're going to have to sell it, raise cash to pay for your nursing home.
Robert: Yes. You'll have to put your house on the market. I was working with an attorney in Ohio. We have non-countable assets. They have non-countable assets as well, IRA, house, but if you're in a nursing home past six months, those non-countable assets then become countable, and you've got to sell them.
Tom: People are saying, "Great, Tom. You told me my home is protected from the cost of a nursing home and Medicaid. What about everything else?" We're saying if you come see Olsen Law Group, we've got the ability to protect everything else including your rental property, your beach condo, your checking, savings, CDs, your business, you name it. It's all available to you.