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Medicaid: Mistake #6 – Not Getting Professional Help

Many people get their Medicaid counseling from a friend or neighbor at the coffee shop, or from someone with a financial interest in some particular strategy. Don’t do it! Whatever money you “save” by trying to handle these matters yourself may actually cost you thousands.

Also, beware of making such decisions when you are emotionally distraught, and what “professional” you take advice from. There are many individuals who claim to understand Medicaid, so it is important to do some research before deciding who to take advice from.

An experienced Elder Law attorney should have extensive knowledge of Medicaid regulations, asset protection strategies, and tax and

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