Medicaid Planning

Staten Island Medicaid Planning Lawyers

Few people would want to see the assets they have built up over a lifetime used up to pay for nursing home and medical care. At the law firm of The Law Offices of Polizzotto & Polizzotto, LLC on Staten Island, our attorneys use such tools as gifting, interspousal asset transfers, pooled income trusts, and special needs trusts to help you qualify for Medicaid benefits to pay for nursing home benefits.

Medicaid planning has become more complicated with the passage of a new law called the Deficit Reduction Act of 2005. Our lawyers are experienced in the requirements of the new law, which require an earlier start on planning and improved record-keeping before applying for Medicaid.

Medicaid planning means preparing financially for the time when you may need to qualify for Medicaid to pay for nursing home and health care expenses. For many, it means passing property to children to qualify for Medicaid assistance when the time comes. It may also involve the creation of a special needs trust, which can provide a supplemental source of money without jeopardizing your eligibility for Medicaid benefits. Through Medicaid planning, you can protect your assets while assuring that you receive good quality care in a nursing home or other senior living environment.

Even if you haven't started your Medicaid planning early enough to protect all of your assets, our lawyers can explain how you can:

• Protect money through the “rule of halves.”
• Use interspousal asset transfers
• Place money in a special needs trust where it will not interfere with your eligibility for Medicaid
• Cope with income limits that apply to Medicaid through pooled income trusts.

Our lawyers are eager to share these and other Medicaid planning techniques to help you meet your needs for quality nursing home care, while protecting assets for your families.

Please call The Law Offices of Polizzotto & Polizzotto, LLC at 718.227.9711, or contact our asset protection lawyers for a consultation about Medicaid planning in New York. In this area of law, we charge a reasonable fee for the initial visit. Yet we are confident it will be the most valuable money you ever spent. We can help you understand how to legally transfer your assets to preserve your hard-earned property for future generations of your family, regardless of your state of health. We are located in Southeast Annadale, near Richmond Avenue and Amboy Road, about two blocks from the Staten Island Railroad.

For help with Medicaid issues in Brooklyn please visit our Brooklyn Medicaid website.