Business Network New Hampshire
Companies:4,097
Products and Services:101
Articles and publications:35
Tenders & Vacancies:0

Elder Law Attorney

Law Firm, Guardianship Law Attorney, Elder Law Attorney, Probate Lawyer
AddressBrooklyn, NY 11218
Phone+1 (718) 313-1347
E-mail

718-313-1347

http://www.morganlegalny.com

24h

cash, all credit cards, check

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.

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.

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 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.

Rating:

Related items:

Lawyer, Guardianship Law Attorney, Elder Law Attorney
  • Brooklyn, NY 11218
  • +1 (718) 701-6519
Immigration Lawyer, immigration lawyer, immigration lawyer, immigration attorney, immigration attorney Philadelphia
  • 9637 Bustleton Ave, suite 180 Philadelphia, PA 19115
  • +1 (215) 883-4338
Insurance Company, Insurance Broker, truck insurance, commercial car insurance, commercial auto insurance, bus insurance
  • Elizabeth, NJ 07208
  • +1 (908) 409-0075
Repair Shop, Mechanic shops, Auto Repair
  • 609 W 46th St, suite 215 New York, NY 10036
  • +1 (347) 704-6828
Rug cleaning repair& restoration company
  • 10461 White Granite Dr #456 Oakton VA 22124
  • +1 (703) 454-9026
×