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Futterman & Lanza, Attorneys at Law

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Medicaid Planning

You are probably like most of our clients. You are not so wealthy that paying the high costs of a nursing home will be insignificant to you, nor are you so poor that Medicaid would be available to you almost immediately. You have assets and you have enough to lose if you ended up needing nursing home care.

You would rather see these hard earned assets be used by you in a more pleasant way (not to pay for the costs of long term care) and ultimately pass to your intended beneficiaries, your loved ones, your family, your spouse, your kids and grandchildren.

You are in the right place.

Medicaid planning is more than “selling” someone a substantial looking three ring binder full of documents including a trust. Medicaid planning, of course uses legal documents as a tool, but these tools are just part of an overall strategy to protect and preserve your assets, but in these same breath, keep our clients in control. This is the key to successful Medicaid planning – protect and preserve assets while maintaining control.

Some of the documents we use to develop our clients Medicaid plans include:

  • Trusts
    • Irrevocable trusts
    • Revocable trusts
    • Living trusts, and
    • Testamentary trusts
  • Last Wills
  • Powers of attorney
    • Simple powers of attorney
    • Durable powers of attorney, and
    • Springing powers of attorney
  • Health Care Proxies
  • Living Wills
  • Deeds including deed transfers with retained life estate interests.

Some of the areas of law and programs we must analyze include, but are not limited to:

  • Medicaid laws
  • Medicare laws
  • Tax laws
  • Real estate laws
  • Social Security
  • Social Security Disability
  • Social Security Income
  • Veteran’s benefits and programs
  • Guardianships
  • Long Term Care Insurance
  • Estate recovery laws
  • Medicaid lien laws

These lists are some of the things that must be considered when putting a Medicaid plan in place. However then most important thing is to understand what our client’s goals are. The most talented lawyers with complete mastery of the above topics and more are useless unless the lawyer’s talents and the client’s objectives are symbiotically combined to develop the client’s Medicaid plan.

Free consultation We offer a free initial consultation with an elder law and estate planning attorney.

Call : 631-979-4300
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