Elder Law is an area of law that makes special provisions for elderly people. As you get older and look forward to retirement and long term care, there will likely be a lot of things to consider. While thinking of how your assets, healthcare and nursing home costs will be managed, you are also looking towards leaving assets for your loved ones when you finally pass on.
These are areas where an elder lawyer Long Island can help you. An elder lawyer or elder law attorney can help you plan towards long term care, protect your assets from taxation and creditor claims, keep your family and estate out of the probate court, and ensure your loved ones receive all that you want for them. With an experienced elder lawyer in Long Island, you get peace of your mind for your future and your loved ones.
Are you a senior citizen in Long Island, or do you have an elderly loved one looking towards long-term care?
Get help from an elder lawyer Long Island today. We can help you in areas of estate planning, asset protection, Medicaid, Guardianship, and lots more. Call us.
How your elder law attorney Long Island will help you
As a highly reputable law firm in New York, we have over the years helped countless senior citizens in Long Island. We are reputable for our keen listening ears and attention to the needs of the elderly. And we are very skilled in harnessing elder law in meeting your needs through the following:
· Estate planning
Estate planning has to do with making plans for the management of your personal and estate affairs during capacity, the distribution of your estate when you die, and minimizing taxes and cost of the distribution. Through proper estate planning, you can have peace of mind knowing that your dearest ones will receive exactly what you have in mind for them to receive.
As your elder lawyer highly knowledgeable in estate planning, we can help you create a last will, trust, living will, and powers of attorney.
In your last will, we help you address the distribution of your assets among your loved ones. If you do not want them to suffer the cost and stress of probate, we can help you execute a trust document by which your loved ones can inherit directly without going through probate. Your power of attorney determines who manages your affairs when you become incapacitated.
· Asset protection
Asset protection is the legal process of safeguarding your assets against any party that may have a claim against it, such as creditors, litigants, estate tax, and probate, thus enabling the full value of your estate to pass to your loved ones.
You have spent years working to get the wealth you now have. Why allow them get eaten up by healthcare and nursing home costs, creditors, or probate fees when you pass away? By creating irrevocable trusts and living trusts, we can keep your assets out of the reach of the court, taxes, and creditors, enabling you to pass on the maximum value of your property to your survivors.
When an elderly loved one becomes unable to make decisions for themselves probably because of Alzheimer’s or any other sickness, guardianship may become necessary. Guardianship is a provision whereby a competent adult is given authority to care for another adult as their ward.
However, before seeking guardianship, it’s best to seek legal counsel as there are other alternatives better than guardianship.
Our estate planning elder lawyers can help in executing medical, financial or general powers of attorney in which the elder can appoint a trusted person to handle their affairs when they become unable to make reasonable decisions. We can also create health care proxies, trusts, etc. These documents are easier to establish than guardianship but must be done long before the incapacitation. If such provisions are not already in place when incapacity hits, then guardianship becomes necessary.
We also offer help in other areas including but not limited to:
- Advising you on comprehensive financial planning to avoid overpaying for nursing home
- Creating a Pooled Income Trust to allow your elderly loved one qualify for Medicaid benefits despite having other sources of income
- Prepare and file your Medicaid application.
As your elder lawyer in Long Island, we are committed to helping you in this critical period of your life. Let us do all we can to assist you.
Call us today.