An Overview Of Elder Law In New York
Elder law is a comprehensive NY Medicaid and estate plan developed to assist the growing number of elderly individuals who are now living longer lives and are in need of finding themselves long term care and a way of being able to pay for the astronomically high cost of long term care in New York.
Currently in order for an individual to be able to pay for the extremely high cost of such long term care for in home care services in their private home or institutional nursing home care services in New York, an individual is expected to pay for such care out of their own private assets including the value of their home or qualify for NY Medicaid.
Did you know that the average cost of nursing home care in New York is approximately $15,000.00 a month and that medical insurance won’t cover the cost of such care.
The NY elder law attorneys at The Law Offices of Michael Camporeale P.C. are well versed and experienced in NY Medicaid and estate planning and have the knowledge and experience to manage and preserve the property of the elderly throughout the New York City area by servicing such clients in, Queens, Brooklyn, Long Island, Westchester, White Plains, Manhattan, Bronx and Staten Island.
The NY elder law and Medicaid planning lawyers at The Law Offices of Michael Camporeale P.C. are New York elder law lawyers who are well versed and experienced in NY Medicaid law and protecting assets from NY nursing homes. We can develop a well-planned NY Medicaid estate plan to help insure that the client and the family will be legally and financially protected so that through the proper NY Medicaid planning, the client and family can become eligible for in home Medicaid where services are provided in their private home or institutional nursing home care by having the Federal government and the NY Medicaid program pay the high cost of such long term care thus preserving the assets and financial wellbeing of the family in the face of catastrophic long term care costs in New York.
An Experienced Elder Law Attorney Can Develop A Comprehensive NY Estate And Medicaid Plan
A proactive well developed NY estate and Medicaid plan can be put together by the New York elder law attorneys from The Law Offices of Michael Camporeale. This is very important as the elderly lose the ability to make decisions regarding medical and financial issues. Therefore, the family must take a proactive role to intelligently prepare for this transition in order to protect assets against the catastrophic cost of long term care in New York before it is too late. In the face of the five year look back penalty period time is of the essence. The family must be proactive and have a plan developed and put in place in advance of ever needing the care. Call us today to talk to an elder law lawyer, or an elder law attorney in New York to develop an estate and Medicaid plan. Our experienced estate law lawyers and estate law attorneys serve clients all over New York, including Staten Island, Manhattan, Brooklyn, Bronx, White Plains, Garden City, and Melville. Call (718) 475-9639 for a FREE Initial Consultation!
Get your questions answered - call me for your free phone consultation (718) 475-9639
The New York Medicaid Asset Protection Trust Can Be Used To Protect And Preserve Family Assets
The NY Medicaid Assets Protection Trust as the name implies is a device used to protect and preserve family assets including their home against the high catastrophic costs of nursing home care in NY.
A proactive comprehensive NY estate and Medicaid plan will give family members the proper legal tools and advantages in order to properly help and handle family affairs by protecting assets from the NY nursing homes, so that the proper transfer of wealth can take place and not be used to pay for the catastrophic high costs of long term care costs in New York.
Because the complexity of New York Medicaid’s income and resource eligibility requirements, careful, strategic planning is necessary in order to receive expensive and much needed benefits.
The New York elder law attorneys at The Law Offices of Michael Camporeale can insure that your NY Medicaid and estate plan is properly drafted and planned out so that you can be protected and qualify for NY Medicaid throughout the New York City area, Westchester, Manhattan, White Plains, Long Island, Brooklyn, Queens, Staten Island and the Bronx.
The NY elder law lawyers at The Law Offices of Michael Camporeale are there to help apply for and secure NY Medicaid benefits for family members who are in need of an aide in their private home and have this aide paid for through the NY Medicaid program, even if a person has excess assets or income.
The NY elder law attorneys at The Law Offices of Michael Camporeale are there also to help apply for and secure NY Medicaid benefits for family members who are in need of nursing home care, and have that high cost of care paid for through the Medicaid program and not by an individual’s private assets or their home.
The NY elder law and estate planning lawyers at The Law Offices of Michael Camporeale are there to help families preserve and protect assets from the nursing home and help transfer wealth to the next generation, and have the transfer of wealth take place with the appropriate estate tax and/or capital gains tax advantages to the beneficiaries of the estate in the most convenient, and cost effective manner.
The NY elder law attorneys at The Law Offices of Michael Camporeale have been helping families develop a comprehensive NY Medicaid assets protection plan and getting these family members qualified for NY Medicaid benefits and protecting assets from the nursing home in the New York City Metro areas of Westchester, Long island, White Plains, NYC, Bronx, Queens, Brooklyn and Staten island for well over a decade.
For more information on Overview Of Elder Law In New York, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (718) 475-9639 today.
Get your questions answered - call me for your free phone consultation (718) 475-9639
