Buffalo Medicaid Lawyers
Experienced Elder Law Attorneys Preserving Your Assets With The New Medicaid Laws
The Medicaid eligibility requirements for long term care were drastically changed by the Deficit Reduction Act of 2005 and the 2006-2007 New York State budget bill. The two most significant changes are expansion of the look-back period to five years and changing the penalty period start date for gifts.
Let Our 69 Years of Experience Work For You
Do you or a loved one need help with medicaid legal issues? Our experienced Buffalo lawyers have been dedicated to serving the Western New York community we know and love. Allow us to help you the same way we’ve been helping our community for decades. We’re here for you.
Schedule a consultationTestimonials
See why our clients love us.
Read more →
- Sign a Durable Power of Attorney to authorize your agent to manage your assets and income if you are unable to do so and implement Medicaid planning to protect your assets.
- Sign a Health Care Proxy and Living Will in which you authorize someone to make medical decisions on your behalf and instruct your family and doctor about life prolonging medical procedures when there is no chance of medical recovery.
- Update Your Will to provide that your estate will not go directly to your spouse if he or she is in a nursing home.
- Create an Irrevocable Living Trust.
- Protect Your Home. There are many ways to protect your home, including the $859,000 equity exclusion, transfers to certain family members, life estates, trusts, reverse mortgages and home equity loans.
- New York State Partnership Long Term Care Insurance Policy allows you to access Medicaid after the insurance runs out, regardless of the amount of assets that you own.
- Set-Up a Prepaid Funeral Account with a Funeral Home.
- Use IRAs and Pensions.
- Certain Properly Documented Gifts may not be subject to the Medicaid penalty rules.
- Maximize Spousal Allowances and Transfers. If one spouse enters a nursing home, the other spouse is entitled to protect certain assets and income.
- Establish Caregiver Agreements (Personal Service Contracts) to pay your relatives for helping you.
- Make Transfers for the Benefit of Disabled Friends or Children.
- Spend-Down Your Assets.
Related Videos
Recent Blog Posts
The attorneys at Friedman & Ranzenhofer allow you to complete your Medicaid Plan Intake form online.
The attorneys at Friedman & Ranzenhofer allow you to complete your Will Intake form online.
Experienced Buffalo Medicaid Lawyers At Your Service
Are you in the process of planning for, or applying for medicaid in New York? The dedicated Buffalo medicaid lawyers at Friedman & Ranzenhofer can guide you on preserving your assets with medicaid in New York.
Client Reviews
“Friedman & Ranzenhofer provided prompt, courteous and professional assistance regarding a current legal issue. We have used the services of this firm repeatedly because of their consistent high quality service levels.”
– Ed Berowski
If you have questions about a legal issue, contact our experienced Buffalo attorneys today for dedicated representation.
Let our experience work for you.
7 thoughts on “Buffalo Medicaid Lawyers”
Comments are closed.
Pingback: 10 Medicaid Tips | Buffalo Medicaid Attorneys | Free Consultation
Pingback: Financial Rights of NY Nursing Home Patients - Experienced Buffalo Lawyers
Pingback: How Much Money Can I Keep And Still Qualify For Medicaid For A Nursing Home in New York? - Experienced Buffalo Lawyers
Pingback: Should I Purchase A Long Term Care Policy or Use Medicaid To Pay For My New York Nursing Home Expenses? - Experienced Buffalo Lawyers
Pingback: Shouldn’t I Fill Out The Medicaid Application Myself So My Loved One Can Qualify For A Nursing Home in New York? - Experienced Buffalo Lawyers
Pingback: 5 Qualifying Medicaid Tips | Elder Law Attorneys in Buffalo NY
Pingback: Planning for Nursing Home Care - Buffalo Elder Care Lawyers