Legal Knowledge For A Better Life

Elder Law & Estate Planning By Lawyers, For You

This site focuses specifically on the laws in NYC (Queens, Brooklyn, Manhattan, Staten Island & Bronx) that pertain to senior citizens or anyone else seeking to plan their future. This information will also help any United States citizens that are going into their golden years plan their future wisely. When people get old they have to start thinking about 2 things, one is their assets and two is their long term health care.

In terms of assets any good elder lawyer will set up trusts and wills for their client so that all their money goes to the right place if something were to happen to them.

We all love our family and also need to take care of ourselves, so what is the best way to achieve this? The answer is that you can actually have your cake and east it too if you have a good estate & elder law attorney. When it comes to you we need to discuss long term healthcare and trusts. Medicaid for example will usually require a living trust to pass your assets to. This will allow you to qualify and be eligible for medicaid. This means your healthcare costs will be very low and you will have more assets to pass to your loved ones after death. A good will and proper planning using trusts can also keep your loved ones away from any rigorous probate proceedings in the future.

Elder Law For NYC Senior Citizens

 In terms of long term health care this will depend on the economic situation of the party at hand. If the person is eligible for medicaid then that is definitely something worth taking advantage of. However, one must discuss this at length with their own elder estate lawyer for senior citizens because any property one has which is discovered by medicaid can be used on a lien on your medical bills that you were expecting the government to pay. Medicaid eligibility is a very serious thing and many people who think they are eligible can potentially get themselves in a heap of trouble if they actually were receiving the medicaid. Any good attorney will be able to immediately assess if you should go the medicaid route or the private long-term healthcare route. The legal professional will be able to explain to you how much of your money should be left over for yourself and your healthcare needs and how much should be distributed in the will to the heirs. Stay tunes for more posts and legal information that will ensure successful estate and elder law planning.

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