Annuities and Long Term Care
Pittsburgh Annuities and Long Term Care Attorney
Are you considering getting an annuity? If so, it is important to seek out the advice of a skilled and knowledgeable elder law attorney. Not all annuities protect your assets from Medicaid or long term care costs.
The Pittsburgh annuities and long term care lawyers at Sikov and Love, P.A., can help you. We help clients develop long term care plans that meet their needs. Our lawyers can assist you in selecting the tools necessary to accomplish your goals, including annuities.
Contact an elder law attorney at our firm to discuss your options. We can answer your questions about annuities and help you protect your assets.
Since 1957, we have been helping clients throughout Western Pennsylvania with their elder law needs. We have the experience necessary to help you feel confident in the decisions you make for your future.
An annuity is an agreement between you and your insurer where you pay it money, either in a lump sum or periodically, and the insurer will pay you back in installments. Not all annuities, however, are the same.
If your insurer begins paying you back immediately, this is known as an immediate annuity. If the insurer pays you back at a later date, it is a deferred annuity.
Only immediate annuities can protect your assets and help you get medical assistance benefits. Even immediate annuities must meet specific state and federal requirements in order to be eligible for this level of protection. It is important to have an attorney help you select an annuity that meets you needs. At our firm, we will work with you to select an annuity or other estate planning tool to help you protect your assets.
Contact an Allegheny County, Pennsylvania, Asset Protection Annuity Lawyer
If you have concerns or questions about an Allegheny County, Pennsylvania, asset protection annuity, attorneys at our firm can help you. Contact our elder law lawyers to setup an appointment.