Assistance With Long-Term Care Planning
People live longer today than ever before. While longevity provides much joy, it also means individuals often experience more medical expenses during their lifetimes. Medical care and nursing home care assistance are expensive. Even the most diligent saver may be unable to pay for the costs of in-home and nursing home care.
At the McMahon Law Firm, we help clients create long-term care plans that comply with the current Medicaid law so as to safeguard their financial assets and help ensure their medical and care needs are met.
Located in Camillus, a suburb of Syracuse, McMahon Law Firm, Attorneys and Counselors at Law, provides peace of mind to aging individuals throughout upstate New York.
Planning For The Future
After a life spent accumulating wealth, property and other assets, it is important to consult with an elder law attorney who has the skill and experience necessary to protect your assets for the next generation. Through long-term care planning, clients can keep assets from being considered for Medicaid eligibility, safeguard properties and savings in trusts and ensure they leave an inheritance for the next generation.
Based on the needs of each client, our lawyers use a variety of Medicaid planning and estate planning tools to ensure their long-term needs are met. Common long-term care planning tools include:
- Living wills
- Powers of attorney
- Nursing home selection
- Long-term care insurance
- Last will and testament
- Health care proxy
- Disposition of remains (naming an individual to make funeral decisions)
- Emergency Medicaid planning
- Promissory notes
- Gifting strategies that comply with the Medicaid law and the Deficit Reduction Act
Long-Term Care Insurance: Is It Right For You?
In-home and nursing home care are expensive, and private insurance policies rarely provide enough financial coverage. These medical and care costs can quickly eat through savings intended as an inheritance. In some cases, long-term care (LTC) insurance, which is sometimes referred to as nursing home insurance, may offer clients the financial protection they need.
At the McMahon Law Firm, our attorneys act in an advisory capacity, counseling clients about the benefits and risks associated with long-term care (LTC) insurance, sometimes referred to as nursing home insurance.
Get peace of mind. Create a long-term care plan today. Contact the McMahon Law Firm at 315-849-9053 or 800-391-9987 to schedule a free consultation. Our office building offers free parking and is handicapped-accessible. A member of our staff speaks.