Medicaid Planning: Preparing for the Future, Receiving Benefits
With the right planning, you may be able to access Medicaid to get the medical benefits you need, and you may also protect assets. With the right planning and guidance of an attorney, you may be able to receive benefits more quickly than if you fail to use the services of an attorney. Medicaid applications may be complex. Legal support may be needed as well as careful documentation of eligibility. The process is time-sensitive, and results will vary depending on your individual situation. The sooner you take action, the better.
Makofsky Law Group, P.C., has more than 25 years of experience in Medicaid Planning and Medicaid Applications. We spend time getting to know our clients and learning their stories in order to develop a legal strategy that is customized to their particular circumstances.
Protecting Your Home and Your Assets In A Medicaid Plan
There are ways to protect your assets and become eligible for Medicaid. You should seek competent legal advice before attempting these options. The viable planning options may be:
- Deed transfers: Transfer the title to your home to an irrevocable trust or to another person.
- Spousal refusal: In New York, your spouse has the right to refuse to pay your medical costs. We may be able to shift your assets into your spouse’s name, then invoke this right. This may result in savings to the family.
- Gifts and promissory notes: You may be able to protect assets by gifting them to people or trusts and then creating a promissory note or a special type of annuity to pay your monthly expenses during a period of time in which you are not eligible for Medicaid.
Once you have received Medicaid there are certain situations where the Department of Social Services can make a claim on your estate to recover monies they have expended. Through the use of certain legal tools, you may be able to reduce or avoid such recovery claims.
Innovative Solutions … Because Every Client is Unique
To help hasten the availability of benefits, we will work with you to prepare your Medicaid application.
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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.