Power of Attorney
Preserving Assets with a Power of Attorney
Experienced Buffalo elder law lawyers outline the importance of a power of attorney and how it can help you preserve your assets and protect your legacy in this educational video.
The New York power of attorney (POA) is one of the most important planning devices for nursing home Medicaid planning. I strongly recommend that all my clients have a POA, including the statutory gift rider. The POA itself only authorizes gifts for up to $500 per year, but my clients can also sign a statutory gift rider that would allow them to make gifts and do other Medicaid planning. This is especially necessary if my clients need to do emergency Medicaid planning where you can preserve half of your assets with a gift rider.
Every one of our elder law attorneys cares about seniors, their needs, and their individual situations. We understand that you’ll be sharing personal information with us and be making tough decisions. We will listen to your thoughts, concerns and will evaluate your needs, all while helping you find the best way to fulfill them.
Friedman & Ranzenhofer provide caring, experienced and knowledgeable representation to residents in WNY. Let our knowledge guide you through the process.
Related Medicaid Videos
- Long-Term Care Insurance
- Nursing Home Costs
- Nursing Home Care Requirements
- Emergency Medicaid Planning
- Institutionalized Spouse
- Medicaid Look Back Period
- Prepaid Funeral Arrangements
- Qualifying for Medicaid with a 401K or IRA
- Spending Down Assets
- Medicaid Gifting Eligibility
- Gifts to Disabled Children