Elder Law Attorney

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Business name:
Elder Law Attorney
Address
502 park Avenue
New York, NY 10023
Phone:
212-547-8971
URL:
http://www.morganlegalny.com
Hours:
24h
Peyment:
cash, all credit cards, check
Description:
To ensure all goes well later in life, there are several important reasons to retain the services of an elder
law attorney. For example, if you are concerned about your current long-term care plan, or have yet to
construct a plan, an elder law attorney can advise you on the various options. In addition to this, an
attorney can also help lay out a plan to make sure your wishes are carried out if you become disabled or
incapacitated later on, and helps you decide who will be in charge of your care if you are unable to care
for yourself.
When a person has to move into a nursing home, they are required to divest themselves of their assets in
order to pay for their care. However, by placing their assets into an Irrevocable Trust, the assets can be
protected from high nursing home bills. However, it’s important to remember that this type of transfer
must be done at least five years before a person goes into a nursing home.
For many people, the best choice for long-term care costs involves setting up a Pooled Income Trust.
Open to people of any age, it allows them to become financially eligible for insurance programs such as
Medicaid, while at the same time preserving their monthly income in a trust to cover living expenses and
other needs. By taking advantage of this option, a person can obtain Medicaid home care services for
their long-term care needs, while continuing to have the money available to support themselves while at
home. A variety of people can greatly benefit from establishing a pooled income trust, including recipients
of personal injury settlements, elderly people who are ill and living at home, younger people who have
special needs, and people who are applying for or already receiving government benefits.
Keywords:
Guardianship Law Attorney, Elder Law Attorney, Probate Lawyer Will Preparation Lawyer, Asset
Management And Protection, Estate Planning Lawyer, Irrevocable Trust, Living Will Lawyer, Trust Law
Attorney, Last Will And Testament Lawyer, New York, NY
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Social link:
https://web.facebook.com/Elder-Law-Attorney-NY-562664384106950/
https://twitter.com/attorney_elder
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