
Fishkill Emergency Medicaid Planning Lawyer
Help is Available When a Nursing Home is Needed But Assets Are at Risk. Serving Dutchess, Westchester, and Putnam Counties.
With the use of certain emergency planning tools and strategies the current law permits approximately one half of a person’s assets to be preserved.
Do not give up if you or a family member requires nursing home care and no steps have been taken to protect assets. Take control of the process and limit the financial damage with emergency planning.
Emergency planning is more complex than typical planning and often there is a sense of urgency. Our office is experienced when emergency planning is needed. The investment in emergency planning is crucial.
Emergency Medicaid planning is often necessary to protect your assets and can still result in savings. Emergency planning involves some of the same steps as advanced planning. First, an assessment of your income and resources will be undertaken to determine what is and is not countable for Medicaid qualification purposes. From there, it may be necessary to spend down these resources, by making exempt transfers or purchasing certain exempt resources. It may also be necessary to create a Trust to manage your assets and income. To increase the chances of saving your assets you should get the emergency planning process started prior to or as soon as you or a loved one enters long-term care.
There is a method for preserving assets if a person has never done any prior Medicaid planning and finds him or herself in a nursing home. This method is known as a promissory note planning, which allows the person preserve half of his or her assets so that only one-half the assets are used for nursing home care. Take advantage of this last opportunity for a family to preserve its wealth. Have the facts reviewed to determine eligibility and the extent that savings can be achieved. Emergency Medicaid planning can be utilized to preserve assets for the individual’s family.

What Our Clients Are Saying
At Martin Law PC, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
-
“strongly recommend him to anyone who is in need of legal counsel”- Sharon and George Gillen
-
I have used the Martin Law Firm for over 20 years. The service has been excellent handling real estate transactions, lawsuits and Estate Planning.- Fred Cantor
-
“Martin Law makes their clients a priority and is there when you need him. They always provided sound legal advise. I am very grateful for all their help over the years.”- Christine Murray
-
“It was the best decision I ever made. Each time I had a question about something, they were there with the answers.”- Robert Beahan
-
My husband and I have used Martin Law on several occasions and have always been very pleased. In addition to receiving excellent advice, Michael and his staff are extremely professional and thorough. I would not hesitate to recommend Michael Martin (and have).- Risa Getman
