THE LAW OFFICE OF
KENNETH J. NOHAVICKA, Attorney at Law
Specializing in Elder Law, Special Needs, Estates & Trusts
KENNETH J. NOHAVICKA, Attorney at Law
Specializing in Elder Law, Special Needs, Estates & Trusts
Elder Law and Special Needs Attorneys: Providing for the unique legal and finincial demands of
senior citizens, their adult children, and individuals with special needs.
Can I qualify for Medicaid?
You can qualify for Medicaid. Most people believe that Elder Law planning is not worth inquiring about because they think they are not eligible for Medicaid. People feel like they have too much money, income and assets to be eligible and that trust strategies and asset protection are for wealthy people only. This is not true. With effective planning, most people can get Medicaid.
What is Elder Law and Estate Planning?
Elder Law Planning seeks to preserve income and assets for use while you are alive. That way you can continue to maintain your lifestyle if you receive home care, or have the funds available to be as comfortable as possible if you enter a nursing facility.
Estate planning is primarily concerned with attaining the most financially advantageous outcome for distribution of your assets after you pass on.
Why Medicaid?
Medicare is a federal government program that provides medical insurance for reimbursement of expenses related to acute medical care and rehabilitation from short-term illnesses and injuiries. Medicaid is a joint federal, state and local program that provides a broad range of medical and health benefits, including long-term care for those who are permanently ill, injured or disabled. The two programs are very different as to coverage, rules, and eligibility.
Are these money, income and asset protection strategies legal?
Yes. All of Kenneth Nohavicka's recommendations and strategies are authorized under federal or state law. They're time-tested, proven and very effective, assuring that clients will qualify for Medicaid benefits. The firm continually researches and stays on top of any new developments.
What is Elder Law and Estate Planning?
Probate is an involved legal process of collecting, accounting for and distributing a person's money and property after death. It is time consuming and expensive. Your children or other beneficiaries might not get the procceeds for months or even years. With a trust, the trustee can make distributions quickly and efficiently after you pass on. It's very clean and efficient.
You can qualify for Medicaid. Most people believe that Elder Law planning is not worth inquiring about because they think they are not eligible for Medicaid. People feel like they have too much money, income and assets to be eligible and that trust strategies and asset protection are for wealthy people only. This is not true. With effective planning, most people can get Medicaid.
What is Elder Law and Estate Planning?
Elder Law Planning seeks to preserve income and assets for use while you are alive. That way you can continue to maintain your lifestyle if you receive home care, or have the funds available to be as comfortable as possible if you enter a nursing facility.
Estate planning is primarily concerned with attaining the most financially advantageous outcome for distribution of your assets after you pass on.
Why Medicaid?
Medicare is a federal government program that provides medical insurance for reimbursement of expenses related to acute medical care and rehabilitation from short-term illnesses and injuiries. Medicaid is a joint federal, state and local program that provides a broad range of medical and health benefits, including long-term care for those who are permanently ill, injured or disabled. The two programs are very different as to coverage, rules, and eligibility.
Are these money, income and asset protection strategies legal?
Yes. All of Kenneth Nohavicka's recommendations and strategies are authorized under federal or state law. They're time-tested, proven and very effective, assuring that clients will qualify for Medicaid benefits. The firm continually researches and stays on top of any new developments.
What is Elder Law and Estate Planning?
Probate is an involved legal process of collecting, accounting for and distributing a person's money and property after death. It is time consuming and expensive. Your children or other beneficiaries might not get the procceeds for months or even years. With a trust, the trustee can make distributions quickly and efficiently after you pass on. It's very clean and efficient.
111 Church Street
White Plains, NY 10601
Telephone: 914.428.2444
Fax: 914.274.9043
Map and Directions
White Plains, NY 10601
Telephone: 914.428.2444
Fax: 914.274.9043
Map and Directions
Copyright 2010 The Law Offices of Kenneth J. Nohavicka LLP. All rights reserved.
Phone: 914.428.2444
Facts
In addition, if there are disgruntled relatives who disagree with the
distribution of assets and pursu litigation, trusts afford greater
protection than wills. They are harder to attack and dismantle.
The reason that most trusts are a strong shield against future
lawsuits is because the money or assets in them are neither
yours nor the trustees. They're owned by the trust, which legally
is a separate and distinct entity.
Lastly, trusts offer more privacy than wills. Your wishes can be kept secret, and carried out without knowledge of uninvolved parties. That's because in most cases you are not required to file trust documents with the courts. For these reasons, it's wise to choose and Elder Law firm that has an estate lawyer on board.
Lastly, trusts offer more privacy than wills. Your wishes can be kept secret, and carried out without knowledge of uninvolved parties. That's because in most cases you are not required to file trust documents with the courts. For these reasons, it's wise to choose and Elder Law firm that has an estate lawyer on board.