The high costs of home care and nursing home care threatens to quickly drain the estates of elderly Central New Yorkers. While long-term health care insurance can help defray these costs, many senior citizens either do not qualify or cannot afford such coverage. With careful planning and guidance from a Tully Rinckey PLLC elder law attorney in Syracuse, N.Y., Central New Yorkers 65 years of age and older may be able to receive health care from Medicaid – and still preserve much of their estate for future generations.
By 2010, nursing home care in Central New York cost an average $96,180 annually or $264 daily, according to the New York State Partnership for Long-Term Care. For Medicaid to cover these nursing home or other long-term care-related expenses, an individual who is 65 years of age or older must have an income and resources below certain levels. The thresholds for Medicaid eligibility in New York are:
|New York State 2012 Medicaid Eligibility Thresholds|
|Income||Resources||Joint Income||Joint Resources|
How We Can Help
The elder law attorneys at Tully Rinckey PLLC in Syracuse, N.Y. can help Central New Yorkers meet these Medicaid coverage requirements. However, it is important that you do not delay in calling one of our Medicaid planning lawyers. The sooner you start preparing for long-term care, the less likely you will be subject to costly penalties. All asset transfers and spending within the 60-month period before a person applied for Medicaid benefits will be scrutinized by the government. Improper transfers and spending within this five-year “look-back” period could adversely affect the amount of Medicaid benefits provided.
Tully Rinckey PLLC Partner Darren M. Swetz has over 15 years of estate planning experience. Start planning for Medicaid today. Our Medicaid planning strategies include the following
- Advice and opinion on spending down options
- Preparation of a Medicaid trust
- Preparation of retained life estates
- Advice and opinion on gifting options
- Advice and opinion on promissory loan options
Call a Tully Rinckey PLLC Medicaid planning lawyer in Syracuse, N.Y. We can represent individuals throughout Central New York, including Syracuse, Cicero, North Syracuse, Manlius, Liverpool, East Syracuse, Cazenovia, Baldwinsville, and DeWitt. To schedule a meeting with a Medicaid planning attorney, call 315-492-4700 or e-mail firstname.lastname@example.org. Click here to view a video about our consultation process.
Our office is minutes away from Destiny USA, formerly the Carousel Mall, and several courthouses. Located in Franklin Square, near exits for I-81 and I-690, our office is easy to get to and offers plenty of nearby parking.
If your legal matter is urgent, call 518-727-3593 to speak to an attorney 24 hours a day, seven days a week. The firm is responsive to the needs of current and prospective clients. We will respond to phone calls within normal business hours and e-mails within hours on the same business day. The quickest way to get a hold of us is by calling. During normal business hours, we have a client relations team that can put potential clients in touch with the attorney whom they need. If you call or e-mail us after hours, you should expect to hear from our office by the next business day.
24 hours a day, 7 days a week
“LITERALLY THE BEST MONEY I EVER SPENT!!!! The USAF charged my son with Article 92, Violate General Order and Article 128, Simple Assault. I spoke to many attorneys who said to me, “Your son will be convicted of the Simple …
“Mr. Kelly has an awesome reputation, and he lived up to it. Thank you for the quick and confident resolution to my case.” - L.L. on Partner Donald Kelly Prior results do not guarantee similar outcomes
Tully Rinckey did a great job on my case. They was extremely knowledgeable and had a great “bedside manner.” They was obviously also highly respected by the members of the board we appeared before. - K.P. on Tully Rinckey …
Tully Rinckey PLLC Estate Planning and Business Law Attorney Richard H. Sargent appears on Syracuse’s Sunny 102. Mr. Sargent answers listener questions on buying a new house, gifting a house to a family member, and the importance of drafting a …
Tully Rinckey PLLC Estate Planning and Business Law Attorney Richard H. Sargent appears on Syracuse’s Sunny 102. Mr. Sargent answers listener questions surrounding the effect of divorce on written wills and starting a home-based business.
Tully Rinckey PLLC Real Estate and Estate Planning Attorney Richard H. Sargent appears on Syracuse’s Sunny 102 to answer listener questions. Mr. Sargent responds to questions on transferring the deed to a house, contesting the division of assets in a …
By Richard H. Sargent Recently, we’ve seen the country enveloped in a lively debate over personal and real property rights. Many have made it abundantly clear that they do not like the government telling them what to do. Yet it …
By Greg T. Rinckey Q: Shortly before my father passed away, my sister talked him into leaving me out of a trust he initially created for both of us. What can I do so I don’t get left with nothing? …
You’re Invited: Tully Rinckey PLLC Binghamton Office Ribbon Cutting Tully Rinckey PLLC, an upstate-wide coast-to-coast 70 attorney full-service law firm, is holding a ribbon cutting for its new office space at 4100 Vestal Road, Suite 104, Vestal, NY 13850 on …
Tully Rinckey PLLC Partner, Richard H. Sargent, will be participating at the Syracuse Elder Law Fair at the OnCenter on May 8th. Mr. Sargent will be available to answer questions on estate planning, long term care and power of attorney. …
Please join our partners, associates, staff and members of the community as we celebrate the opening of our office in Syracuse, NY. Date: Time: Address: Thursday, August 30, 2012 10:00am 507 Plum Street, Suite 103 Syracuse, NY 13204 Join us …