Buffalo Medicaid Planning Attorneys
Experienced Elder Law Lawyers Providing Medicaid Planning Services Throughout Western New York
As older Americans prepare for retirement, it’s important to take the time to draw up clear plans that will protect your life savings, home, and other assets in the event of declining health or the need for long term care after an illness or injury. Even if you’re healthy and active today, medical emergencies can arise in an instant. You owe it to yourself to be prepared. The advantages of prudent financial planning for Medicaid eligibility can save you significant sums of money. The Buffalo medicaid planning attorneys at Friedman & Ranzenhofer are here to guide you.
Buffalo Medicaid Planning Attorneys Helping You Protect Your Life’s Work
Medicaid, a program jointly administered by federal, state, and local agencies, is a public health program that provides long-term care options for people in Buffalo who are disabled or chronically ill. But Medicare’s eligibility requirements are quite strict, and accessing these benefits requires careful planning. Friedman & Ranzenhofer understand the value of your life’s work, and can help you create the financial instruments required to have the health care options you need, while protecting the things that are most important to you.
Proper Planning For Medicaid Eligibility in Buffalo
Many families in Buffalo incorrectly believe that to access Medicaid benefits, they have to effectively be destitute. For those who’ve worked all their lives and built a retirement nest egg, the idea of spending your life’s work and leaving nothing for loved ones can be a real blow. It doesn’t have to be this way – with proper financial plans & estate planning from Friedman & Ranzenhofer, you can control how your giving will be directed, protect assets like your home, and have access to long term at-home care or enter a nursing home.
Medicaid eligibility requirements are complex. Savings in excess of about $15,000 will disqualify you, as will a monthly income over about $1200 between you and your spouse. Assets like a home can easily leave you locked out of a system you’ve been paying for during your working life, and deciding to spend down savings you’ve carefully built over decades.
Plan For Your Future
At Friedman & Ranzenhofer, our Buffalo medicaid planning attorneys help families develop durable, enforceable fiduciary tools that achieve your goals. We can establish a variety of instruments that protect what you care about most, while ensuring that you have the resources and tools to live well in your golden years. From trusts and promissory notes to annuities and caregiver agreements, we carefully analyze your resources and needs, then develop clear, sound, and ethical strategies to meet your goals.
In addition, we handle the complex application process for Medicaid, ensuring that your planned financial picture meets eligibility requirements and that you’re prepared in the event of a crisis. Whether you are already retired, planning to do so, or are looking to the future for parents or grandparents whose health is a concern, our experienced Buffalo medicaid planning attorneys can help you protect yourself, your estate, and your loved ones from all contingencies.
The medicaid planning attorneys at Friedman & Ranzenhofer approach every client and case with the compassion and attention to detail it deserves. Our goal is to help you address your concerns and help you find the best solutions to your elder law matter. Call our law office for a free consultation.