Asset Preservation

Planning for Long-Term Care / Asset Preservation

While financial and medical decisions are extremely important, so too is long-term care. In the busy world we live in, many people overlook the financial, medical, and personal impact of long-term care planning. In the event you develop a serious mental or physical disability, requiring sustained health care as part of your daily life, you will want to have implemented a proper long-term care plan. Long-term care costs in the United States are quite expensive and continue to rise. Proper long-term care planning now will allow you to cover these rising costs without exhausting your life savings. A skilled elder law attorney can counsel you on the availability of long-term care insurance, Medicare assistance, and Medicaid eligibility. With the proper payment options, you will be free to choose the long-term care option that provides you the best care and treatment available at the lease financial cost.

What To Bring To First Meeting

I. Asset Preservation/Medicaid Planning/Estate Planning/Divorce

1. List of assets, current value and name on the asset (e.g. joint ownership, “in trust for” ownership) - may bring copies of current bank or brokerage statement
2. Copy of deed to home and appraisal
3. Copy of deed to other real property and appraisal
4. List of life insurance policies, name of owner and beneficiary, face value and cash value
5. Copy of Last Will and Testament
6. Copy of Power of Attorney
7. Copy of Health Care Designation and Living Will
8. Copy of Trusts of which you are the grantor or the beneficiary
9. Copy of long term care insurance contract
10. List of full names, addresses and telephone numbers of your children or closest living relatives
11. A list of full names, addresses, and telephone numbers of people who have a part in your planning as executors, trustees, fiduciaries, beneficiaries of your estate, and advisors

II. Social Security Disability

1. Names, addresses and telephone numbers of all physicians who have treated you or performed tests since you became disabled
2. Names, addresses and telephone numbers of all your employers in the past fifteen years
3. Any medical records in your possession

We have helped many people in your situation, and we can help you.

Please contact New York state collaborative divorce lawyer Linnea Levine today. For immediate assistance call us at 203-557-0850 or 914-481-5555.