Family dynamics involving spouses and children, the tax implications of Medicaid planning, health care needs, current finances, and a person's desires - these are only some of the elder law concerns that we are forced to juggle as we grow older.
All of them must be carefully considered.
As an experienced New York elder law attorney, I help people and families in the New York Metro area and throughout Long Island to resolve these important questions in ways that not only maintain their dignity, but that also address their needs and desires in a comprehensive and practical way.
Elder law services I can assist you with include:
The time to start planning is NOW.
Well drafted advance directives are vital to everyone at any age. They help insure that ones wishes are known and honored and can avoid costly legal problems in the future.
Trusts are particularly useful tools for a number of things, preserving assets, control of the estate, providing for children and disabled loved ones. A trust is a legal entity in which property is held by one person, the trustee, with the intention that it is to be used for the benefit of another, the beneficiary. The trustee must administer the trust property pursuant to the terms of the trust. There are various types of trusts to accomplish many things.
What are commonly referred to as living trusts are revocable and used to manage property and avoid probate. Various types of supplemental needs trusts, including pooled trusts, are used to provide for and protect assets of a disabled person. Trusts set up in a will, known as testamentary trusts, can be used to reduce taxes and control the way assets are distributed. For example, assets can be held in trust until a child reaches age 25 or 30 or as long as needed if a beneficiary has trouble with money management.
Regardless of your health or the size of your estate, it is important to plan for the future. You cannot put a price on peace of mind.
I have been helping clients in these and other important legal matters for more than 23 years and these experiences have given me a great deal of legal and practical knowledge. They have also taught me one other very important thing:
No two families are alike.
Joan S. Arbiter, Attorney at Law, P.C.
Melville, New York attorney, Joan S. Arbiter, helps families and individuals throughout Nassau County, Suffolk County, and the New York Metro Area to resolve legal issues in the areas of elder law, Medicaid planning, estate planning, probate, and real estate. Long Island communities she serves include Amityville, Commack, Dix Hills, Farmingdale, Hauppauge, Hempstead, Huntington, Babylon, Levittown, Massapequa, Melville, Mineola, Plainview, and Woodbury.