Poughkeepsie Elder Law Attorneys
Are you or an elderly parent facing the probability that you may need long-term nursing home care? Under federal and state Medicaid rules, payment for nursing home, home health care and assisted living services must be paid for out of the patient's available assets. State and federal financial assistance only kicks in after qualified personal assets have been drawn down.
Medicaid planning refers to any kind of legal and financial services that remove assets from the patient's personal estate, in order to preserve assets from being used to pay for long-term health care and nursing home needs. The process is completely legal and a standard strategy used by millions of qualifying families who are facing the possibility of losing a lifetime of family assets and personal savings to nursing home costs.
It is important to start Medicaid planning early. In New York, the state may look back five years to determine whether a nursing home patient has removed assets by gifting money and property to family members.
Talk to an experienced attorney at Vergilis, Stenger, Roberts, Davis & Diamond, LLP, to learn more about your legal options for preserving your families assets from Medicaid draw-down costs.
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Our Medicaid planning and estate preservation attorneys are ready to help you meet all of your long-term estate tax and planning needs. You will work directly with your lawyer, while confident in the knowledge that your attorney can count on the support and knowledge of a team of experienced estate planning and probate professionals. Contact us to arrange a consultation with a New York Medicaid planning attorneys.
