There are certain risks as we age and Asset Protection has become a necessity. If you or a loved one should need long term care, Medicaid is the program that can pay for a personal care aid within your home or even a nursing home if necessary. However, there are strict financial eligibility requirements and costly waiting periods if you delay implementing your asset protection plan. The Irrevocable Trust is the best tool we have to protect your home and assets.
Join Brian Andrew Tully, Esq., a Certified Elder Law Attorney with 22 years of experience as he simply breaks down the elements and benefits of this trust so that you can easily understand how they work, what assets they can shelter and finally determine if this planning is right for you.
As New Yorkers, we have been able to rely on the Community Home Care program to provide care for our loved ones within our own homes or assisted living facilities for years. We have been able to gain eligibility for this necessary program without a look-back period and without transfer penalties and that’s coming to an end. Beginning this fall, Medicaid applicants will have to meet heightened legal, financial and care standards in order to enroll in the long term home care program.
Join Brian Andrew Tully, Esq. a Certified Elder Law Attorney with over 22 years of experience as he shares the various ways this new law may impact your asset protection and future access to long term home care.
This pandemic has us all on edge. We’ve been forced to face our own mortality and what our futures may hold.
With all of these anxieties and unknowns weighing on our minds, one action you can take to ease those thoughts is to establish a comprehensive estate plan. Choosing someone to help with health care decision making and someone you trust to handle your financial and legal affairs are just the beginning of planning and protection in this new world. In addition, protecting your assets and your family from the long term care and public court systems has taken on a new level of importance as families struggle to access care, visit with their loved ones and endure the guardianship and probate processes. Those without the right written plan in place are faced with even more challenges during these very difficult times.
Join Brian Andrew Tully, Esq. an estate planning and elder care attorney with over 22 years of experience, as he explains the need for up-to-date and comprehensive estate planning and asset protection for individuals and families both during Covid-19 and afterwards. He will share which documents and planning strategies are essential for maximizing control, flexibility and peace of mind as well as how we are able to remotely implement your plan without you having to travel to the office.