Elder Law and Medicaid Planning

Long-Term Care Planning: 

Why Now is the RIGHT Time to Plan for the Possible Need for Long Term Chronic Care.

The children of aging parents are often called upon to be not just physical caregivers but financial caregivers as well. Managing an older person's finances and planning for their future requires a fair amount of knowledge of budgeting, taxes, insurance, investing, and credit, not to mention Medicaid, wills and trusts.  We help older clients and those who care for them implement workable estate plans, Medicaid plans, including making sure each of their clients leaves their office with a durable power of attorney, health care proxy and living will.

Of critical concern is covering the ballooning cost of long-term care.  Several options are available.  You can pay for your care,  which may be very costly, from your savings and assets.  You may reduce that cost by purchasing long-term health care insurance if you or your parents are young enough, and healthy enough, and can afford the premiums.  Some limited coverage is also available from Medicare.

We will ensure you that the wealth you have accumulated is transferred to your loved ones in the manner which you believe is most effective.  Legal issues and problems affecting the elderly are growing in numbers and complexity.  We can help you navigate this daunting maze and protect you or your parent's estate from the catastrophic costs of nursing homes. 

How are you going to be able to pay for long term care?  Medicare, private health insurance, long-term care insurance, Medicaid, and private pay are each potential sources of funds.  A well thought out plan for long term care will consider each of these resources. We can tailor a solution to fit your family's needs.  Although we do not recommend that you wait until you need care to seek help from our experienced elder law attorneys, it is never too late to consult our firm to affect savings, even after nursing home care is a reality.

Arnis V. Sprancmanis is an attorney with a practice focusing on Estate and Business Planning, including Elder Law planning for long term care.  Please call for further information on planning options that are appropriate for your situation.

7030 East Genesee Street, Fayetteville, NY 13066
(315) 422-5557 - E-MAIL

2012 - Arnis V. Sprancmanis, Attorney at Law, PLLC, Fayetteville, New York

The information contained on this website is not intended as a source of legal advice. You should not act upon or rely on information at this or any other website without the advice of competent counsel, especially if you reside outside the State of New York, where I am not licensed to practice law and don’t give advice. Nothing provided by this website is intended to create an attorney-client relationship. Sending e-mail to this firm or to an attorney at this firm will not create an attorney-client relationship. This website is intended for educational and informational purposes only.

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