Asset Preservation and Medicaid Planning lawyer Rockland County & NYS

Albert J Kaiser is a attorney who can help Rockland County and NY resients with asset preservation and medicaid planning.  Most of the costs associated with of long term care, whether received at home or in a nursing home, are not covered by Medicare or private insurance and such costs can be enormous.  To make matters worse, once you become ill and in need of long term care, your loved ones are under extreme stress to assure that you receive the care you require, Medicaid rules are voluminous and confusing, and well meaning friends and advisors all have different opinions and advise, most of which is incomplete or simply wrong.  Al is experienced in the various strategies used to preserve your assets against the cost of long term care, whether done in advance or upon becoming ill and requiring care.

The 9 reasons to why everyone in Rockland County should develop an Asset Preservation and Medicaid plan with a qualified lawyer

1.  You get to choose who will be given the various responsibilities to carry out your wishes and to assure you get the care you require,  in the event that you become disabled.

2.  Advanced Medicaid planning can achieve a greater degree of preservation of your assets by taking advantage of the look back rules pertaining to Medicaid eligibility.

3.  By creating a health care proxy,  you can chose who will make your health care decisions should you become unable to do so, thus assuring that you will always get the care you require and that your wishes will be carried out.

4.  By signing a properly drafted power of attorney you can chose in advance who is take over your legal an financial affairs in the event you are unable to do so and authorize your agent to manipulate title to you assets to take advantage of the various Medicaid strategies available to preserve your assets from the enormous cost of care.

5.  If you do not have a health care proxy and properly drafted power of attorney in place and should you become ill and require long term care, a guardian will need to be appointed to assure that you get the care you require and that all of your assets are not expended in paying for such care.  Guardianship proceedings are expensive, emotional and time consuming.

6.  By utilizing a properly drafted trust agreement you can transfer assets for asset preservation and Medicaid purposes and retain the enjoyment of assets so preserved.

7.  Review of your insurance may reveal that you have at least partial log term care coverage or you may discover after meeting with a long term care insurance agent that long term care insurance is available to you at a cost you can afford.

8.  By exploring the various exempt transfers rules, you may be pleasantly surprised to learn that there are transfers you can make which will render you Medicaid eligible without penalty, thereby immediately preserving the assets so transferred.

9.  Proper planning is required in order to obtain long term care at home. There are various sources available to pay for home care.  There is Community Medicaid and pooled trusts, and long-term care insurance all of which can be available with to you with the proper advice and planning.

The fees associated with developing a quality elder law plan are one of the best investments you can make. On one hand, you can spend your money on doctors, nursing homes, guardianship proceeding, etc., or you can invest a small fraction of the cost and develop a plan to preserve your assets assuring that they go to the people and organizations that you desire.

Additionally, proper planning assures that your wishes are followed… click to read more
If you have not planned, there are still things that can be done…click here to read more

Techniques skilled lawyers use for Medicaid planning and asset preservation – Albert J. Kaiser focuses his practice in Rockland County & New York State

Albert J Kaiser plans with his clients for the day when they may want to take advantage of the Medicaid benefits available. There are number of techniques that he employs to protect your assets while still qualifying for Medicaid. By planning early, you can take full advantage of the five-year look back provisions.  Even if you have not planned in advance, there are techniques available to preserve your assets against the cost of long term care.  These techniques include the purchase of exempt assets, the transfer of assets to those permitted by the Medicaid rules without penalty, spousal refusal and the  transfer to an individual or entity in  in exchange for a promissory note.  Each case is unique and Al will need to know the specifics of your situation before he can determine the best course of action to protect assets against the cost of long term care.

Contact Albert J. Kaiser by calling 845-634-3700. He will be glad to set a no obligation appointment to discuss your Medicaid plan and the strategies best suited to preservation against the cost of long term care.

 

 

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