Medicaid Planning, Medical Crisis Management & Hospital Discharge Planning
Work with Our New York Elder Law Attorneys to File Your Medicaid Applications
If you are struggling to deal with nursing home bills that can be over $15,000 each month or expect to pay thousands of dollars in home care bills, reach out to one of the New York Elder Law attorneys at Pfeifer & Choi without delay. We are committed to helping individuals and families find long term care solutions, protect important assets and find peace of mind. Even if your loved one is close to needing long-term care or Medicaid, it is never too late to learn how we can help your family preserve important assets while obtaining Medicaid benefits for long term care services like nursing home, home care, assisted living or adult day care. Capitalizing on many years of experience, our New York Elder Law lawyers have been assisting infirm seniors become eligible for Medicaid through legal Medicaid planning. We can also help maximize the quality of care your loved ones receive through various Medicaid programs.
Our firm can help you understand:
- Whether you can become eligible for Medicaid
- How to avoid spending down all of your life savings
- How to avoid making the mistake of transferring assets to children
- How you can preserve and protect your home and life savings
- How to prevent capital gains tax problem for your children
- How laws differ with respect to Home Care Medicaid, Nursing Home Medicaid and health insurance type Medicaid for seniors over age 65
- The latest legal Medicaid Planning options and well-established strategies
- Valid ways to transfer assets without incurring serious tax problems and triggering the Medicaid Transfer Penalty
Not only does our attorneys provide educational lectures for other legal, government and financial professionals, but we also constantly continue to refine our own skills through advanced research and training. This enables us to stay on top of changes and current issues in New York Elder Law. We are equipped to help you safely navigate the potential pitfalls of Medicaid Planning.
Common Errors in Medicaid Planning
If you slip up in Medicaid application preparation, you could end up being ineligible for Medicaid, or get hit with other penalties. Unfortunately, matters have become more complicated since new Medicaid laws have gone into effect. Many common forms of Medicaid Planning, such as annuities and property transfers, are often invalid now. You do not want to take action without the proven advice of a dedicated Elder Law attorney. Any mistake could be devastating and long lasting. For instance, the “half a loaf” approach of asset transfers will no longer work; you cannot qualify for Medicaid by transferring half of your property to heirs through giving gifts every month. Many are surprised to discover that a non-taxable gift of $14,000 per recipient per year is not exempt in calculating the Medicaid Transfer Penalty.
Allow Us to Help You Before You Make a Mistake That Cannot Be Corrected
You can find the legal answers and guidance you need with our New York Elder Law lawyers. Due to proven ethical standards and legal talent, our firm’s attorneys have received such respective honors as being rated AV Preeminent® by Martindale Hubbell®, and earning selection for inclusion in the Super Lawyers® Rising Stars℠ lists of 2013, 2014 and 2015 for professionalism and skill, a rare honor awarded to only 2.5 percent of lawyers in New York. Schedule a case consultation to discuss your options.