Elder Law Medicaid Planning
Paramus Elder Law Attorney
The aging of the American population combined with the rising cost of medical care presents a significant financial obstacle for many families. Elder law involves complicated and constantly changing laws enacted by both federal and state governments. This has created the need for clients to seek sophisticated and up-to-date legal advice to overcome this obstacle. At Whitlock Canter LLC, we meet with concerned family members to tailor a written elder law plan for their loved one.
Are you interested in meeting with a lawyer to discuss your questions about elder law and protecting assets from nursing home and medical costs? Please contact Whitlock Canter LLC to arrange your consultation.
Our firm can meet with your family to establish a personalized and comprehensive elder law plan for your loved one. This elder law plan will incorporate all appropriate and available legal and financial techniques. We establish elder law plans designed to obtain the best medical care that is available while preserving the family's wealth. In this way, the wealth can be passed to the intended family members. The personalized elder law plan can involve the use of the following.
- Long term health care insurance
- Asset transfer planning
How does the Deficit Reduction Act affect your family?
President Bush signed the Deficit Reduction Act (DRA) into law in February of 2006. This relatively new law has affected the eligibility rules of those who make transfers for Medicaid planning. There are also time sensitive "look back periods" and "penalty periods" that must be considered. It is important to choose an attorney who can help you with all aspects of your elder law needs. Please contact our firm today to arrange your consultation.