Elder Law Attorney

Elder Care Lawyer
502 Park Avenue, suite AAA, New York,NY
10022
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.

While thinking about the difficulties one may face as they age is difficult, failing to do so can lead to financial problems that can devastate an entire family. Rather than allow this to happen, it’s best to contact a New York City Elder Law attorney as early as possible to make arrangements that will be satisfactory to everyone involved. By doing so, a family can gain peace of mind, knowing their financial and long-term care needs will be met.

Along with putting off planning ahead for long-term care, many people have little if any idea how much long-term care can cost. Unfortunately, it can be quite expensive. For example, living in a nursing home in New York can cost as much as $14,000 per month, while assisted-living facilities can cost up to $5,000 per month. If a person has not planned ahead for these costs, they will need to be paid out of a person’s savings, which for many families is simply not possible. Because of these potential scenarios, it’s imperative to work with a New York City elder law attorney to have a solid financial plan in place well ahead of these circumstances.

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.

While thinking about the difficulties one may face as they age is difficult, failing to do so can lead to financial problems that can devastate an entire family. Rather than allow this to happen, it’s best to contact a New York City Elder Law attorney as early as possible to make arrangements that will be satisfactory to everyone involved. By doing so, a family can gain peace of mind, knowing their financial and long-term care needs will be met.

Along with putting off planning ahead for long-term care, many people have little if any idea how much long-term care can cost. Unfortunately, it can be quite expensive. For example, living in a nursing home in New York can cost as much as $14,000 per month, while assisted-living facilities can cost up to $5,000 per month. If a person has not planned ahead for these costs, they will need to be paid out of a person’s savings, which for many families is simply not possible. Because of these potential scenarios, it’s imperative to work with a New York City elder law attorney to have a solid financial plan in place well ahead of these circumstances.

http://www.morganlegalny.com
(646) 6932013
Morgan Legal Group P. C
502 Park Avenue, suite A
New York, NY

10022

The Morgan Legal Group PC is experienced in the latest technological advances of trial preparation, and, the emphasis is on hands-on personal legal service unlike most other law firms whether large or small.

One industry whose members are the target of a considerable number of legal actions is the healthcare industry, physicians and surgeons in particular. While it is a fact that medical professionals are still human and do make mistakes, it is also true that many claims brought forward are borderline at best. All professionals in the healthcare industry understand their need for errors and omission insurance protection, but this does not protect personal assets.

The best option for asset protection is usually establishing a revocable living trust that transfers excess personal wealth under ownership of a separate financial entity. The only damages available in a legal action will then be limited to insurance policy protection. This is a legal step that should also be part of an overall estate management plan that could include other financial instruments as well.

http://www.morganlegalny.com
212-561-4299
Lissner & Lissner, LLP
162 West 56th Street St #506
New York, NY 10019
For assistance with planning your estate including wills, trusts, and power of attorney, contact Lissner & Lissner, LLC.

Lissner & Lissner, LLC has provided estate planning services and representation to holocaust survivors with restitution claims for over 65 years. The firm developed a unique asset protection plan called the Victim of Nazi Persecution Restitution Trusts ® for holocaust survivors and their heirs. For help with creating or revising a will, elder law matters, and retirement planning, contact us today for a consultation.

http://lissnerlawfirm.com
212-307-1499
Victor R. Jackson, LLC
190 E Main St, Elkton, Maryland, 21921, USA
21921
Victor R. Jackson, LLC. is a law firm that cares, providing exceptional legal services in Cecil County and throughout Maryland.

The law offices of Victor R. Jackson has provided exceptional legal services to the Cecil County community. Our skilled attorneys have a track record of obtaining the best possible results for our clients. If you’re in need of legal representation we’ll start with a free & confidential consultation to discuss your case.
We practice law with the highest professional integrity. We thoroughly investigate and emphasize the merits of each case we handle and present them in the most organized and effective manner.

https://www.vrjlegal.com/
(410) 398-7900