Asset Protection Strategies
With the proper planning you may receive the medical and custodial care you need while receiving government entitlement benefits such as Medicaid and preserving assets for your spouse. In most cases, the earlier you start planning, the better.
Makofsky Law Group, P.C. has handled asset protection and Medicaid issues for clients on Long Island and throughout New York State since 1991. We will take the time necessary to thoroughly review your case and determine the best legal strategy for you and your family.
Protecting Assets from Medicaid
Without proper planning, the need for long-term health care can potentially reduce your assets. We can choose from a variety of asset protection tools to find the strategy that fits you best.
You may be able to protect your assets, including your home, in the event you need long-term care by using one or more of the following: trusts, including irrevocable living trusts; promissory notes; special types of annuities; the right of spousal refusal; deeds with retained life estate; and other creative planning techniques.
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*Certified by the National Elder Law Foundation.
The National Elder Law Foundation is not affiliated with any governmental authority. Certification is not a requirement for the practice of law in the State of New York and does not necessarily indicate greater competence than other attorneys experienced in this field of law.
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LOCATED IN GARDEN CITY, NEW YORK, MAKOFSKY LAW GROUP, P.C. (formerly Makofsky & Associates, P.C. formerly Raskin & Makofsky, LLP) HAS SERVED CLIENTS IN AREAS INCLUDING LONG ISLAND, NEW YORK CITY, MANHATTAN, QUEENS, BROOKLYN, BRONX, WHITE PLAINS, MINEOLA, HEMPSTEAD, LEVITTOWN, MASSAPEQUA, BETHPAGE, SYOSSET, OYSTER BAY, GLEN COVE, PORT WASHINGTON, MANHASSET, GREAT NECK, WOODMERE, VALLEY STREAM, ELMONT, FLORAL PARK, FLUSHING, KEW GARDENS AND FOREST HILLS, NEW HYDE PARK, EAST MEADOW, PLAINVIEW, Merrick, Westbury, Long Beach, Oceanside, Franklin Square, Huntington and Rockville Centre.
Attorney Advertising: Information contained in this website may be considered attorney advertising. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.
*Certified as an Elder Law Attorney by the National Elder Law Foundation as approved by the American Bar Association. Certification is not required for the practice of law in the State of New York.