Futterman & Lanza, LLP met a couple from Copiague, NY to discuss estate planning and asset protection. They were extremely interested in learning about an asset protection trust (Medicaid asset protection trust) to protect their home in the event they needed to enter and pay for a nursing home. We were happy to oblige but discovered during our conversation that due to particular family circumstances, the trust was unnecessary to protect their home. They will have adequate planning simply having updated last wills, health care proxies, living wills, and powers of attorney with statutory gifts rider.
The couple came to our Babylon, NY office located at 400 West Main Street, Babylon, NY 11702. Meeting at this location is by appointment only.
If you have questions regarding asset protection and Medicaid planning and how your unique family circumstances work within the Medicaid laws and regulations, please call to schedule a free consultation. 631-979-4300.
Futterman & Lanza, LLP has offices in Smithtown, NY and Valley Stream, NY and clients throughout Suffolk, Nassau, Queens, Brooklyn, Bronx, Richmond, New York, Westchester, and Rockland Counties. Futterman & Lanza, LLP concentrates its practice to Elder Law, Medicaid Planning, Medicaid Applications, Estate Planning, Probate, Estate Taxes, and Estate Administration.