Addressing the Unique Legal Needs of Aging Clients
Elder law is an area of legal practice that focuses on issues of particular interest to seniors and their families. It requires sensitivity to family dynamics, knowledge of many areas of the law, and creativity in pursuit of clients' goals. At Russo & Pedranghelu our attorneys are highly regarded not only for their substantial legal skills but also for their commitment to clients at all stages of their lives.
After four decades, our law firm has established long-standing relationships in the community with professionals, including physicians, accountants and caregiver groups who help us address the issues raised in the course of legal work for elderly clients.
Our Long Island elder law attorneys assist clients with issues crossing a wide range of legal disciplines, including estate planning, tax planning, asset protection, pension and benefits law, nursing home abuse and neglect law, and Medicare planning.
Planning Ahead to Meet Your Future Medical and Nursing Care Needs
One major aspect of elder law is Medicaid planning. Proper Medicaid planning strategies can preserve the assets of people who are concerned that the property that they have worked to accumulate may be eaten up by medical bills and nursing home expenses in their final years.
In order to qualify for Medicaid, a federal program that could pay for your nursing home expenses, you must have very limited assets. Our nursing home planning attorneys take the time to help clients fully understand their circumstances and help them make informed decisions, providing them with information about options such as the following:
- Deeding property to a loved one
- Transferring assets to an irrevocable trust
- Gifting property valued at less than the gift tax exclusion
We carefully explore these options, helping clients understand the benefits and disadvantages of each. We also help them undertake estate planning and tax planning options that may help them maximize their Medicaid benefits and preserve their assets for their families.
Call for a Free Consultation With a Nassau County Medicaid Planning Lawyer
For more information or to schedule a free initial consultation with an experienced New York attorney about your Medicaid planning or other elder law needs, please contact us at our offices in Hicksville.
