Long Island Elder Law Attorney
Protecting Your Family, Assets, and Future
Preparing for your own future is an important aspect of estate planning. While it can be a difficult subject to address, it is crucial that you make provisions for yourself and your family should you or your spouse become unable to make these decisions or even to care for yourselves at home. Medicaid planning is one of the main focuses of elder law. Other sensitive aspects of elder law include financial planning, making healthcare provisions, and guardianship, should you become incompetent or incapacitated.
An elder law attorney can also assist in managing legal issues before incapacity, potentially preventing future legal disputes within the family. By navigating the intricacies of elder law, our team is equipped to address the nuanced challenges elderly individuals may face, covering necessities like Social Security benefits, long-term care insurance, and veterans' benefits. Engaging with elder law early ensures that all personal wishes regarding healthcare and asset distribution are respected and legally binding.
Financial Matters for the Elderly
There are many estate planning tools available to enable you to plan for your financial future. If you are 65 years of age or older, it may be particularly beneficial to have a will. Having a will allows you to distribute your property and real estate to your future heirs, as well as appoint an executor to administer the estate. Trusts are also excellent estate planning devices that enable you to pass down property to heirs either while you are living or in the future. One of the most important aspects of financial planning is designating a Power of Attorney, which will allow another individual to make financial decisions for you.
There are three different types of powers of attorney, including:
- "Nondurable" Power of Attorney: used for specific transactions
- "Durable" Power of Attorney: may be effective immediately and is used until you revoke it or pass away
- "Springing" Power of Attorney: takes effect when you are deemed no longer competent to handle your affairs
Secure your future today. Contact us online or call (516) 740-1184 to book a consultation with our elder law attorney in Long Island!
THE IMPORTANCE OF ADVANCE DIRECTIVES
Using Advance Directives, including powers-of-attorney, health care proxies, and living wills, our elder law lawyer in Long Island can help you create a plan that ensures you receive the best possible care should you no longer be able to make decisions. The state of New York allows you to appoint another individual to serve as your agent and make healthcare choices on your behalf, if necessary, through the Health Care Proxy Law.
In your health care proxy, you can determine how you would like your agent to act on your behalf, and you can give them as much or as little control as you would like. A living will also allows you to specify what kind of medical treatments you would like should you be unable to provide instructions at the time the decision must be made.
Advance Directives are a critical component of elder law planning, offering peace of mind and ensuring personal wishes are respected even in unforeseen circumstances. Our elder law attorney in Long Island can guide you through preparing these documents, prioritizing your autonomy and preferences in medical decisions. We also address frequently overlooked aspects like ensuring your Advance Directives are in compliance with state laws and readily accessible to healthcare providers and family members. Regularly updating these documents is vital, and we assist in reviewing and revising your directives as needed to reflect any changes in personal or family circumstances.
Contact an elder law attorney in Long Island from our team to discuss your unique circumstances. Call (516) 740-1184 today.
Medicaid Planning with Your Elder Law Lawyer in Long Island
Medicaid is a government program that provides funding for medical and health-related services for people with low income and limited resources. To qualify for Medicaid, you must meet certain income and resource requirements based on your marital status, age, and disability status. We can help you qualify for Medicaid for home care and for nursing home care through careful elder law planning. The "lookback" period for asset transfers in the state of New York for Medicaid is 5 years for nursing home care, and effective October 1, 2020, the lookback period will be 2 1/2 years for community Medicaid, so you should start planning to qualify for Medicaid as early as possible.
Our firm provides comprehensive guidance on the complexities of Medicaid planning, emphasizing strategic asset preservation to meet eligibility requirements without compromising future financial stability. By preparing meticulously, families can avoid Medicaid penalties and delays. We also address common misconceptions about Medicaid, clarifying how asset transfers affect qualification and how various legal tools can optimize benefits while safeguarding inheritance intentions. Regular consultations and reviews ensure that all plans remain relevant amidst changes in legislation or family circumstances, offering continuous support in adapting and implementing effective Medicaid strategies.
Seek Assistance From Adler Law, Your Trusted Elder Law Attorney
Elder law matters can be complicated, and if incorrectly completed, can lead to serious negative consequences and even criminal penalties, which is why you should obtain the guidance of a knowledgeable attorney. Our Long Island estate planning lawyer at Adler Law can assist you with all areas of elder law to ensure your rights and interests are protected.
We are a boutique firm that handles each case personally, instead of passing it off to paralegals or legal secretaries. With over 50 years of experience in elder law, estate planning, and probate matters, you can trust that we will provide the excellent legal counsel you need and deserve.
At Adler Law, personalized attention is the cornerstone of our practice. We value the unique story behind each client who comes to us and tailor our legal strategies to their specific needs. We provide ongoing education to clients to ensure they understand each step of their legal journey, building confidence through transparent communication. By choosing our firm, clients benefit from a lasting partnership committed to addressing evolving needs within the elder law spectrum, ensuring security and peace of mind as they navigate life's transitions.
TRUSTED GUIDANCE THAT EXCEEDS EXPECTATIONS
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50 years of experience on your side.
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Personalized approach with all of our clients.
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Responsive to all client inquiries.
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Effective service, proven results.
