Medicaid Planning
Nov 16, 2016OUTCOME: Successful
Transferred all assets successfully to disabled adult child
Garden City, NY
Elder law Lawyer at Garden City, NY
Practice Areas: Elder Law, Estate Planning ... +3 more
OUTCOME: Successful
Transferred all assets successfully to disabled adult child
OUTCOME: Successful
Protected assets of husband and wife so that nursing home was paid for by Medicaid
OUTCOME: Provided for future of adult disabled child
Clients had adult child with special needs who was receiving needed government benefits. Together with my clients, we drew up a will, power of attorney, health care proxy, living will and supplemental ... needs trust. We reviewed the need for life insurance in order to fund the SNT appropriately. I helped choose an appropriate corporate trustee as there will be no family to administer the trust once the parents are disabled or deceased.Adult disabled child will not lose necessary public benefits. Parent's assets will be used as they intended, to ensure the comfort and care of their adult child and to help that child achieve independence. These summaries are intended for informational purposes only and are not to be considered as any kind of guarantee, warranty or prediction concerning any other case. Every case is different, and the outcome is dictated by facts and circumstances unique to it. A good result in one case should not raise expectations of good results in any other case, regardless of any similarities. This website is intended to convey general information only. It is not meant to be, nor should it be used for, legal advice for any specific problem. While we believe the information found in this website is generally correct, it should not be relied upon by anyone seeking legal advice on a specific matter, and there is no representation, guarantee or warranty of its completeness or accuracy. Accurate and appropriate legal advice may be obtained only through a consultation with a lawyer.
OUTCOME: Saved gov't benefits for Medicaid client
Client had received a personal injury settlement. Lump sum benefits would reduce or eliminate government programs like Medicaid, SSI, ,food stamps, Section 8 housing. Able to place lump sum in pooled ... special needs trust, thereby saving client benefits. Money can now be used to supplement benefits. These summaries are intended for informational purposes only and are not to be considered as any kind of guarantee, warranty or prediction concerning any other case. Every case is different, and the outcome is dictated by facts and circumstances unique to it. A good result in one case should not raise expectations of good results in any other case, regardless of any similarities. This website is intended to convey general information only. It is not meant to be, nor should it be used for, legal advice for any specific problem. While we believe the information found in this website is generally correct, it should not be relied upon by anyone seeking legal advice on a specific matter, and there is no representation, guarantee or warranty of its completeness or accuracy. Accurate and appropriate legal advice may be obtained only through a consultation with a lawyer.
OUTCOME: Successfully inc. protecting personal assets
Client needed to incorporate new business in order to shield personal assets from liabilities of the corporation. Advocated to change name so as to avoid trademark infringement. All formalities and c ... orporate resolutions to start new business implemented. These summaries are intended for informational purposes only and are not to be considered as any kind of guarantee, warranty or prediction concerning any other case. Every case is different, and the outcome is dictated by facts and circumstances unique to it. A good result in one case should not raise expectations of good results in any other case, regardless of any similarities. This website is intended to convey general information only. It is not meant to be, nor should it be used for, legal advice for any specific problem. While we believe the information found in this website is generally correct, it should not be relied upon by anyone seeking legal advice on a specific matter, and there is no representation, guarantee or warranty of its completeness or accuracy. Accurate and appropriate legal advice may be obtained only through a consultation with a lawyer.
OUTCOME: Client businesses protected from liability
Client needed her personal assets protected from her business liability. Additionally, she wanted to be able to pass her business on without going through probate for efficient succession planning.