Without a doubt, protecting your home, savings, and lifelong assets becomes increasingly important as you age. Without proper planning, long-term care expenses, nursing home costs, and unforeseen medical needs can quickly drain what you’ve worked hard to build. Our Elder Law Asset Protection services help seniors and families safeguard their financial future while maintaining eligibility for essential benefits like Medicaid.
At the Law Offices of Leo Mikityanskiy, we provide strategic, legally compliant asset protection planning tailored to Pennsylvania’s rules and your family’s goals. We help you avoid common estate planning mistakes.
Why Asset Protection Matters for Seniors
Many families are surprised to learn:
- The average nursing home in Pennsylvania may cost $10,000–$13,000 per month, with some over $15,000 per month
- Medicare does not cover long-term nursing home care
- Without asset protection planning, you may be forced to spend down assets before qualifying for Medicaid
- Transfers must follow strict Medicaid rules or risk long periods of ineligibility
- Your home, savings, and retirement could be at risk
- Proper Elder Law planning allows you to protect assets before they are threatened — and, in many cases, even during a crisis Medicaid planning.
What We Can Help You Safeguard
In summary, our asset protection strategies help you protect:
- Your primary home
- Retirement accounts
- Savings and investment accounts
- Life insurance
- Family-owned property
- Income and personal assets
- Business assets (if applicable)
Every situation is different, so we tailor solutions to your financial and family structure. As a result, every elder law plan for seniors should begin with a personal meeting to review your goals, family situation, and financial information.
Our Elder Law Approach in Bucks County
When you work with our firm, you get:
- A personalized plan tailored to your financial and family situation
- Clear explanations of all options
- Help with all required legal documents
- Guidance through Medicaid’s complex eligibility rules
- Strategies to avoid penalties and protect assets long-term
In effect, attorney Leo Mikityanskiy brings nearly 20 years of experience helping families secure their future with proactive elder planning.