Syracuse Asset Protection Attorneys
The McMahon Law Firm is committed to helping older Americans throughout upstate New York protect the assets they have spent a lifetime creating. Our office is located in Camillus, New York, just outside of Syracuse. We represent clients throughout upstate New York, including Onondaga, Cayuga, Oswego and Oneida counties.
Elder law and asset protection are deeply intertwined. After people have spent a lifetime building and creating wealth, they want to protect what they have created and pass it on to their children and heirs. Proper asset protection planning takes into account many issues, your future needs, nursing home expenses, estate planning, and Medicaid planning.
For many older Americans, Medicaid planning is the key to asset protection. Almost 50 percent of all elderly Americans will spend some time in a nursing home. We can help structure our clients’ assets so that a majority of nursing home expenses are paid by Medicaid. One of the most common methods people use to become eligible for Medicaid is setting up irrevocable trusts. We have handled hundreds of Medicaid cases and can provide a range of legal advice on meeting Medicaid requirements.
In addition, estate planning can protect your assets for your heirs when you have passed away. Setting up trusts can prevent the assets in the trust from ending up in probate. Proper estate planning can also minimize the amount of tax that is applied to your estate, maximizing the assets you pass on to your heirs.
If you or a family member needs an asset protection lawyer with an extensive background in providing legal advice on Medicaid requirements and estate planning, please contact a lawyer at the McMahon Law Firm. We are committed to treating each client as if they are a member of our own family.