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www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers
of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real
Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs
lawyer with years of experience handling these types of cases. He is extremely
active in the Queens, New York Community, the Queens County Bar Association,
and New York State Bar Association and is frequently invited to speak at events
about Elder Law. If you’d like to learn more about Elder Law, Medicaid
planning, Guardianship, Special Needs Trusts, or Probate law contact the Law
Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for watching my
video! Eldercare law is really an umbrella term encompassing multiple areas of
law. Some elder care attorneys handle subjects that most people know something
about, such as probate, guardianship, estate planning. Other eldercare lawyers
focus their practice on other areas of law such as special needs planning, VA
benefits planning, and Medicaid planning. So, what is Medicaid planning?
Medicaid planning is a way to protect people’s assets from the threat of
long-term care expenses. Many clients are between 65 and 95, own their own
homes, and have between $25,000 and $750,000 worth of assets in addition to the
house. What many people don’t realize is exactly how expensive long term care
expenses can be – In 2020 the average costs of a skilled nursing facility, in
New York is $14,250.00 per month. Someone can be solidly middle class or
upper-middle class, have saved their whole life, and think that they’ll have
plenty of money for whatever happens only to suffer a stroke, major heart
attack or get an Alzheimer’s or Parkinson’s diagnosis and need help with their
activities of daily living. If they have this six-figure per year care expense,
many people spend everything. Medicare does not pay skilled nursing home
expenses after 100 days. An elder care attorney, who handles Medicaid planning,
is able to legally and ethically protect people’s assets to get them qualified
for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits.
This helps them supplement their lifestyle with their own assets (to improve
the quality of their life while alive) and make it more likely that they will
have something to pass onto their heirs after they pass away. There are many
myths and much misinformation surr...
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