Medicaid & Long-Term Care Planning in Oklahoma, Kansas, and Missouri
Protect Your Assets.
Preserve Your Independence.
Avoid Financial Devastation.
Long-term care planning refers to financial preparation for individuals who anticipate needing assistance with their healthcare and living expenses later in life. Medicaid is a joint federal and state program that can cover the costs of long-term care for seniors at home or in a nursing facility. The catch is that to qualify for Medicaid assistance, individuals must meet specific income and asset requirements. Similarly, VA Aid & Attendance is available to veterans who served during wartime.
Contrary to popular belief, a person does not have to spend all their resources to become eligible for these programs.
That is why it’s important to consult with an attorney experienced in long-term care planning before taking actions that can drastically affect your and your family’s future.
Our Process
We help families protect land, farms, ranches, minerals, and lifetime savings from long-term care costs across Oklahoma, Kansas, and Missouri.
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Crisis Medicaid Planning
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5-Year Look-Back Pre-Planning
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LTC Asset Protection Trusts
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Spend-Down Strategy (Legal & Optimized)
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Rural Property & Mineral Rights Preservation
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Special Needs Integration
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Optional BLES Family Protection System™
Pricing:
Flat-fee Medicaid planning. Hourly billing only for contested matters.
The Consequences of Failing to Plan for Long-Term Care
According to the Genworth 2024 Cost of Care Survey, the annual cost of a semi-private room at a nursing home in Oklahoma is $71,175. With demand on the rise due to the increased rates of dementia and Alzheimer’s disease, this number will only grow over the coming years. As a result, even if you have saved responsibly and set aside a nest egg for your golden years, the security of your retirement and your family’s financial future may still be at risk.
Even worse, failing to properly plan could leave you without the care you need in the event of an illness.
We Can Help Safeguard Your Legacy
Fortunately, when it comes to long-term care, the worst outcomes are typically preventable. Attorney Tyler R. Barrett has helped numerous clients protect their assets and take advantage of programs they spent their working careers paying for via taxes.
Since 2014, Tyler has taught continuing education courses to other lawyers on topics involving Medicaid, Veterans Benefits, asset protection, and irrevocable trusts. And his article entitled “Long-Term Care Planning for Oklahoma’s Farmers and Ranchers” was featured in the February 2024 edition of the Oklahoma Bar Journal.
Tyler also knows what it’s like to be in your shoes. Two of his grandparents succumbed to Alzheimer’s disease. Barrett Legacy Estate Solutions actively supports the Oklahoma chapter of the Alzheimer’s Association, and we have developed contacts who can provide resources and support to our clients and their families who are battling this terrible disease.
Protect Your Assets and Independence
For more information or to schedule a consultation, call the Norman, Oklahoma office of Barrett Legacy Estate Solutions
at (405) 928-4075 today, or use the form below.
