Caring for the elderly and ensuring their assets are protected are some of the primary services offered by Long Island Medicaid Lawyer, The Eghrari Law Firm in Smithtown NY. Elder Law involves planning for the complex health care, long-term care, and other issues facing elderly and disabled individuals and their families. Studies show that we stand a 40 percent chance of needing long-term care at least once before we die. Therefore, everyone should take into account that at some point residency in a nursing home or an assisted living facility may be needed.
However, the substantial cost of nursing home care for an incapacitated person can wipe away a family’s nest egg and the inheritance planned for surviving family members. The primary alternative to privately paying the nursing home is Medicaid.
So many times clients come to our office under the mistaken impression that there is nothing that can be done to protect assets from nursing home costs. Fortunately much of the circulating consumer knowledge is false or misinterpreted. For example, it isn’t always necessary to wait 5 years after gifting assets to become eligible for Medicaid. The answer actually depends upon the specific facts of your case. With the help of an experienced Long Island Medicaid Attorney & Elder Law Lawyer many of the assets you have spent a lifetime accumulating can be protected from high nursing home expenses.
Law Firm of Mark S. Eghrari & Associates, PLLC – Medicaid Attorneys in Smithtown, Long Island, NY Specializing in Elder Law, Medicaid Asset Protection, Medicaid Applications & more.
Guardianship & Conservatorship
Incapacity planning involves making decisions in advance of a physical or mental disability where you are unable to take care of yourself. In your plan, you state your wishes regarding how you will be cared for and you give somebody else, such as a spouse or adult child, the power to make financial and health care decisions on your behalf. What will you do if you or a loved one becomes disabled? Do you have a plan of action in place?
Because the options available to pay for care are severely limited, Medicaid is the most popular option for most Americans. The need for nursing home care does not have to catch you off guard. Planning early is vital, if possible you should begin planning at least five years before you need to enter a nursing home. When you plan far in advance, you can work within Medicaid guidelines to create a plan that protects the majority or all of your assets from long-term care expenses. A well-informed attorney can help you to protect your family home, avoid penalties, and plan for the future you deserve.
Coping With Alzheimer’s
If you or a loved one has recently been diagnosed with Alzheimer’s (or is exhibiting symptoms, such as memory loss), the most common response is to worry. Alzheimer’s disease leads to a number of life adjustments, including the need to make a wide range of decisions that pose possible legal consequences. Once you’ve been diagnosed, the ability to manage your own affairs will decrease over time, so early legal planning is essential. Making adequate, informed decisions about personal, business, and health care will become more difficult, however, there is information and help to ease your concerns and put you in the driver’s seat, and the knowledgeable attorneys at Mark S. Eghrari Law Firm can help.
Emergency Medicaid & Nursing
Besides the upheaval involved in moving to a nursing home, there is also the stress of figuring out how to pay for nursing home bills that can total thousands of dollars each month. During this difficult time, it is critical to make good financial choices during this period, because these decisions can have far-reaching consequences. Fortunately, there are options for alleviating the burden, and our office is available to guide you through this unfamiliar process. You don’t have to do this alone; an experienced attorney can be your family’s trusted advocate.
If your physician has recommended hospice for you or a family member, you likely have lots of questions concerning such things as how much it costs, how you enroll, and how you can pay for it. Oftentimes, planning for a loved one who has a terminal illness can be complicated and emotionally draining. While hospice treatment can go on for years, in reality, the patient is dealing with a terminal illness, and they need to get their affairs in order. There are steps which should be taken now to ensure that everyone is protected, and an experienced from Mark S. Eghrari Law Firm can help.
The VA provides monthly aid to wartime veterans, as well as surviving spouses of deceased veterans who require personal assistance in their activities of daily living, but some people have been misinformed—told that they do not qualify for benefits because their income and/or assets exceed the allowed thresholds. Our office is dedicated to helping clients preserve their assets by guiding them through the maze of legal issues, then setting a plan in motion for obtaining these long-term care benefits.