Brooklyn Medicaid planning attorney Yana Feldman (https://yanafeldmanlaw.com/brooklyn-medicaid-planning-attorney/) of New York Legacy Lawyers has recently released an article providing valuable insights on Medicaid planning in New York. The article, titled “Medicaid Planning in New York: A Comprehensive Guide,” aims to educate individuals and families on how to navigate the complex world of Medicaid and protect their assets while still qualifying for Medicaid benefits.
As a trusted Brooklyn Medicaid planning attorney, Yana Feldman understands the challenges that families face when trying to access Medicaid benefits. According to her, “Medicaid planning can be a complex and overwhelming process, especially for those who are new to it. Our goal is to help our clients understand the intricacies of the Medicaid system and make informed decisions that protect their assets and ensure they receive the care they need.”
In the article, the Brooklyn Medicaid planning attorney shares her extensive knowledge of the Medicaid system in New York and provides practical tips on how to qualify for benefits while preserving assets. She discusses various Medicaid planning strategies, such as asset protection trusts, gifting, and spend-down, and explains how each strategy can help families meet Medicaid eligibility requirements.
Yana Feldman also emphasizes the importance of seeking professional advice when planning for Medicaid. “Medicaid planning is not a one-size-fits-all solution, and each family’s situation is unique. It’s important to work with an experienced Brooklyn Medicaid planning attorney who can tailor a plan to meet your specific needs and goals,” she said.
Furthermore, the lawyer explains that Medicaid has a 60-month look-back period, which begins from the date of the application. During this period, all financial transactions and asset transfers are scrutinized to ensure that no assets were gifted or sold below fair market value. If an applicant is found to have violated this period, they may face penalties, including exclusion from receiving Medicaid benefits for long-term care.
The article is a must-read for anyone who is planning for their future long-term care needs or the needs of a loved one. It provides a comprehensive overview of the Medicaid system in New York and offers practical advice on how to navigate it.
Lastly, Yana Feldman’s article is a valuable resource for anyone looking to plan for their long-term care needs and protect their assets. It provides advice on how to navigate the complex Medicaid system in New York and offers practical tips on how to qualify for benefits while preserving assets. As Yana Feldman said, “We believe that everyone deserves access to quality long-term care, and we’re here to help families achieve that goal.”
About New York Legacy Lawyers:
New York Legacy Lawyers is a Brooklyn-based law firm providing legal advice in estate planning, elder law, and Medicaid planning. The firm is dedicated to helping families protect their assets and plan for their future long-term care needs. The firm’s attorneys have years of experience and a deep understanding of the complexities of the Medicaid system in New York. They work closely with clients to create customized plans that meet their unique needs and goals.
New York Legacy Lawyers by Yana Feldman & Associates PLLC
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Ahmedabad Local journalist was involved in the writing and production of this article.