Elder Law Attorneys in Manhasset NY, Assisting Our Area’s Aging Population With Their Legal Needs
Getting old is just another part of life for most people. As this happens, we encounter numerous issues that weren’t present in our younger years. Unfortunately, many of these issues are legal in nature. Whether you’re looking to protect your assets from high healthcare costs or simply want to plan out your estate, an elder law attorney in Manhasset, NY can help with these tasks and many more.
At Marchese & Maynard, LLP, our law firm has spent years serving the aging population of New York. We understand the unique challenges our clients face in their later years, and it’s our job to ensure they can overcome these challenges. You need an experienced elder law professional on your side, and that’s exactly what you’ll find at Marchese & Maynard, LLP. Contact us today to schedule a free consultation.
How Can an Elder Law Attorney in Manhasset, NY, Help?
Many people wonder why they’d ever need an attorney if they’re not facing an impending legal issue. This is certainly a valid question. Unfortunately, a considerable number of aging individuals don’t realize that they’re always facing such legal issues. Their entire estate could be up for grabs if they unexpectedly pass, or all their savings could quickly disappear due to unforeseen medical costs.
Simply put, aging individuals could always benefit from an elder law attorney in Manhasset, NY. Here are just a few of the services we offer at Marchese & Maynard, LLP:
- Estate planning
- Estate administration
- Medicaid planning
- Asset protection
- Powers of attorney
Even if you’re under the assumption that you don’t need most of these services, it’s always essential to have a valid will in place. Unfortunately, New York law typically doesn’t view a handwritten will (i.e., holographic will) as valid. Our Manhasset, NY elder law attorneys, can help you understand the nuances of this law and many others during a free consultation. Contact us today.
What Is Asset Protection?
Many people believe that having a valid will is the only asset protection they’ll ever need. Thanks to the wide availability of do-it-yourself will services — which most legal professionals warn against using — there are those who think they can deal with their own legal issues without ever speaking to an attorney. Unfortunately, they often learn the hard way that asset protection is more than just a valid will.
That’s because the cost of living escalates quickly in our senior years. Medical costs alone jump to more than $11,000 yearly after the age of 75. That can eat through your savings quickly — particularly since Medicaid has asset caps that can make you ineligible for benefits. Fortunately, an elder law lawyer in Manhasset, NY can help you utilize asset protection tools like irrevocable trusts, property transfers, and more.
What if You Can Still Make Decisions on Your Own?
Wills and trusts are perhaps the most important parts of New York estate planning for most people. Unfortunately, many individuals shy away from things like living wills, powers of attorney, and other planning tools that seemingly strip away their autonomy. They don’t like the idea of handing over their medical, legal, or financial decisions to another person — even if that person is someone they deeply trust.
In reality, such planning tools accomplish the exact opposite. By making your wishes known in advance, you can ensure that you’re making the decisions even if you eventually become incapable of doing so. Even if you designate a power of attorney, you can specify how much decision-making authority that individual has — along with when they have it.
Schedule a consultation with our elder law attorneys in Manhasset, NY today, and we’ll help you understand how estate planning ensures that you get to keep making the decisions.
Contact an Elder Law Attorney in Manhasset, NY Today
Even if you’ve managed to avoid legal issues, your entire life will always manage to find you in your later years. In many cases, this means nothing more than ensuring your wishes are known once you’re gone. However, more significant matters could potentially arise as well — oftentimes putting everything you’ve worked for in jeopardy. That’s why you need a legal professional on your side.
At Marchese & Maynard, LLP, you’ll work with a legal team that’s committed to looking out for the best interests of you and your loved ones. New York law can be complex in many legal matters involving the aging population, but we have the experience necessary to help you with these issues. Contact us today by calling 516-447-2144 to schedule a free consultation. Our elder law attorneys in Manhasset, NY are ready to assist.