Providing a Range of Services to Clients From All Walks of Life
It is never too early to consider drafting a will and putting together an estate plan. Perhaps a birth or death in the family has made you consider your estate plan. Or maybe you are simply getting older and concerned about making the appropriate arrangements for your assets and your family. Whatever your reasons for considering your estate plan, our experienced team of lawyers at the law firm of Russo &Pedranghelu can help.
Now in our fourth decade, our firm has built a strong reputation throughout Nassau and Suffolk counties for the personalized representation and in-depth advice we provide to our clients. Our Long Island estate planning attorneys assist clients with all types of document drafting and planning needs, including the following:
- Simple and complex wills
- Revocable and irrevocable trusts
- Powers of attorney
- Living wills (advance directives)
- Health care proxies
- Estate tax planning
- Elder law and Medicaid planning
Our firm does not simply churn out documents. We will have a detailed discussion with you about your estate planning needs, then recommend the approach that we believe will best meet those needs. We are well-acquainted with the estate planning opportunities available under federal and New York state law, and we are prepared to help you maximize the benefits you and your family receive from the assets you have worked so hard to build.
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 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.
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.