Long-term care costs are exorbitant, and Medicaid is the primary way that individuals are able to pay for long-term care. Medicaid eligibility rules and regulations are highly complex and everchanging, oftentimes requiring seasoned attorneys, such as Ronald Fatoullah & Associates, to obtain a Medicaid approval.
Medicaid planning and planning for long-term care can be done at any stage of life, but we strongly urge everyone over the age of 55 to have a Medicaid and/or long-term care plan in place. The typical Medicaid plan involves the use of a Medicaid Asset Protection Trust which will give one the opportunity to protect his/her assets while receiving income and even avoiding probate on the assets held by the Trust. Planning in advance is the best way to preserve most if not all of an individual’s assets.
An individual may not realize that he/she can become eligible for Medicaid with proper planning. The attorneys at Ronald Fatoullah & Associates will not only help you determine your eligibility, but often times can find creative ways to create eligibility, as well as to engage in a holistic estate and tax plan that resolves all of your legal and financial needs.
LET US BE YOUR GUIDE THROUGH THE COMPLEX MEDICAID SYSTEM
Our firm’s experience of over 35 years in handling Medicaid applications gives us an inherent understanding of how to maneuver through the complex Medicaid system. We can help you minimize frustrations, so you are confident throughout the process. Don’t go through the application process alone — make sure Ronald Fatoullah & Associates is on your side to advocate for you and your loved ones.
This article was provided by Ronald Fatoullah, Attorney at Law, Founder of Ronald Fatoullah & Associates – one of New York’s TOP Elder Law & Estate Planning Law Firms. Attorney Fatoullah and his firm are Members of the National ElderCare Matters Alliance and have a Featured Listing on ElderCareMatters.com– America’s National Directory of Elder Care / Senior Care Resources to help families plan for and deal with the issues of Aging.
If you have additional questions about your family’s Elder Care / Senior Care Matters, you can count on ElderCareMatters.com (America’s National Directory of Elder Care / Senior Care Resources) to help you find America’s Top Elder Care / Senior Care Professionals. You can find Local Elder Care / Senior Care Experts by Searching our National Database by City and Service Category. (This Search feature is located on the homepage of ElderCareMatters.com).
The Elder Care / Senior Care Experts who are found on ElderCareMatters.com can provide you with the help you need in a wide range of Elder Care / Senior Care Services, including Elder Law, Estate Planning, Home Care, Assisted Living, Care Management, Daily Money Management, Senior Living, Investment Advisory Services, Tax & Accounting Services, Wills & Trusts, Probate plus many other Elder Care Services.
We look forward to helping you plan for and deal with your family’s Issues of Aging.