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As people age, it is important to plan for the future. Estate and Medicaid planning are important steps in that process. The minimal amount of estate planning includes creating a last will and testament which addresses tax and long-term care, powers of attorney and a health care directives.
Medicaid planning, which falls under the classification of elder law, is extremely important. It may result in covering the costs of in-home care, assisted living and nursing home stays that Medicare and Medicare Supplemental plans don't cover. This is a complicated process and may or may not fit your individual situation. Only a knowledgeable attorney who knows planning law can help you evaluate what type of planning is best for you.
Under trust planning the focus is tax and creating a trust that protects your family and other beneficiaries such as disabled relatives so that you designate an orderly passing of your assets and personal affects as you desire. When your family knows there is a trust in place, everyone, including you, can rest assured that their security has been considered.
Contact Macri Law Group today if you need legal assistance with any of the following:
Call Attorney Vincent Macri today at 973-826-2361 to arrange your free initial consultation. To learn more, please visit www.mchughandmacri.com
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