Elder Law Attorney

1 reviews

Contact

Address:
502 Park Avenue
New York 10023
NY
United States
Phone number:
212-547-8971

OPEN HOURS

Monday
12:00 - 12:00
Tuesday
12:00 - 12:00
Wednesday
12:00 - 12:00
Thursday
12:00 - 12:00
Friday
12:00 - 12:00
Saturday
12:00 - 12:00
Sunday
12:00 - 12:00

Accepted payments

Cash payment accepted Cheque payment accepted

Categories

Location on map

Photos

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Company description

To ensure all goes well later in life, there are several important reasons to retain the services of an elder law attorney. For example, if you are concerned about your current long-term care plan, or have yet to construct a plan, an elder law attorney can advise you on the various options. In addition to this, an attorney can also help lay out a plan to make sure your wishes are carried out if you become disabled or incapacitated later on, and helps you decide who will be in charge of your care if you are unable to care for yourself.
When a person has to move into a nursing home, they are required to divest themselves of their assets in order to pay for their care. However, by placing their assets into an Irrevocable Trust, the assets can be protected from high nursing home bills. However, it’s important to remember that this type of transfer must be done at least five years before a person goes into a nursing home.
For many people, the best choice for long-term care costs involves setting up a Pooled Income Trust. Open to people of any age, it allows them to become financially eligible for insurance programs such as Medicaid, while at the same time preserving their monthly income in a trust to cover living expenses and other needs. By taking advantage of this option, a person can obtain Medicaid home care services for their long-term care needs, while continuing to have the money available to support themselves while at home. A variety of people can greatly benefit from establishing a pooled income trust, including recipients of personal injury settlements, elderly people who are ill and living at home, younger people who have special needs, and people who are applying for or already receiving government benefits.

More details

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blogspot.com
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Reviews

Very easy to deal with and very impressed with how professional and fast Elder Law Attorney setting up or living will. They paper work was very easy and they put us at ease from their work. A+ services.
2/26/2019 1:17:34 PM Report