Of all the challenges an individual can face as he or she becomes older, there is perhaps little more frightening than to be given a diagnosis of Alzheimer’s disease. It’s often as emotionally traumatizing for family members as it is for the patient.
Aside from medical considerations, quality-of-life issues are some of the biggest concerns people have. Fortunately, Elder Law planning provides many advantages for those afflicted with Alzheimer’s and for their families. There’s a wide variety of extremely effective strategies for obtaining Medicaid benefits to cover the cost of care, and for preserving the money, investments, and property you’ve acquired over a lifetime.
These methods are particularly vital when dealing with a medical condition that involves any form of dementia, since these illnesses often result in extremely high medical and health care expenses. This is due partly to the drawn-out, degenerative nature of the disease, which can span many years, and also because of the need for specialized, continual supervision.
For these reasons, Alzheimer’s disease tends to involve a more complex planning process than most other infirmities, and certain strategies take on greater importance. This discussion is a “critical points” overview of the planning process when you’re dealing with Alzheimer’s or any other form of dementia illness. It’s about essential things Lamson & Cutner strongly recommends you consider to get the best possible result from your legal and financial planning. It’s designed to work hand-in-hand with Lamson & Cutner’s publication, 25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs, which gives you more details on the actual nuts-and-bolts of implementation, and in-depth explanations of specific methods.
In this report, you’ll find specific ideas, approaches and techniques of proven value to you and your family members. Ideally, successful planning achieves two outcomes. First, it qualifies you for Medicaid benefits as quickly as possible, once it becomes clear that long-term care is required. Second, it protects your financial resources and property from being subject to Medicaid regulations requiring patients to pay for treatment until their reserves are almost completely exhausted.
Although some of the discussion in this report may be useful to those living in other states, these methods are relevant specifically to residents of New York. Be aware that laws vary widely in different jurisdictions. You should consult a qualified Elder Law attorney in your location if you live in another state. This material does not constitute legal advice. Every situation is unique and needs to be thoroughly evaluated by a competent Elder Law attorney in order to be addressed properly.
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Preserving financial stability and personal dignity is an achievable outcome of effective planning.
Money makes a difference when you’re dealing with disease. It can be the deciding factor in whether you’ll have access to the medical and health care you need.
You now know the ten “must have” elements in legal and financial planning for Alzheimer’s or any other dementia-related medical condition.
These proven methods have a long and successful history of making a vast difference in the quality-of-life for Alzheimer’s patients. All you need to do is put them to work for you and your family.
If you need assistance, call Lamson & Cutner toll-free at 1 (212) 447-8690. Elder Law and estate planning is all we do, and the firm has extensive experience in representing clients with Alzheimer’s disease and other dementia illnesses.
About David A. Cutner, Esq.
David A. Cutner, Esq. is an Elder Law attorney practicing in New York City. He is a founding partner of Lamson & Cutner, P.C., one of New York’s preeminent Elder Law firms. The firm’s practice is devoted solely to sophisticated elder and estate planning approaches for senior citizens and the disabled. The firm has broad experience in addressing the specific needs of clients and families facing Alzheimer’s disease and other dementia-related afflictions. As a compassionate advocate for the elderly and infirm, Mr. Cutner is dedicated to protecting the rights and financial security of every client.
Special Report Disclaimer
This Special Report is offered free of charge by Lamson & Cutner to seniors, the disabled, and their families for informational purposes only. It is not intended to provide, or to be relied upon as, legal advice concerning your individual situation. Although a group or collection of cases may be said to involve similar themes or fact patterns, every case has its own unique facts. These unique facts may call for a different approach or strategy than other cases which may appear – at least superficially – to be similar. Only an experienced attorney, giving individual attention to the specific facts of your case, is in a position to provide you with reliable legal advice.
In addition, Federal and New York State laws and regulations are constantly changing through new legislation and rules, and through new decisions and interpretations handed down by administrative law judges and courts. Reliable legal advice must take these changes into account. Sometimes, these changes are subtle or affect only a small number of cases, and thus are not necessarily included in a general informational discussion. These are further reasons why general discussions can never substitute for concrete, individualized legal advice regarding your specific situation.
Individuals who reside in, or who are subject to the laws of other states, should be aware that this Special Report is designed primarily to inform residents of New York State. The laws and rules governing programs for the care of the elderly and disabled may differ in your state.
David A. Cutner and Lamson & Cutner disclaim any liability for any actions taken or not taken in reliance upon this Special Report. David A. Cutner and Lamson & Cutner disclaim responsibility for any errors or omissions contained in this Special Report. This disclaimer is governed by the laws of the State of New York.
Lamson & Cutner’s prior results do not guarantee a similar outcome in future cases. This Special Report is Attorney Advertising.
The content of this Special Report reflects the ideas, concepts, and thinking of David A. Cutner and the other attorneys at Lamson & Cutner. However, professional writing services were employed in the creation of this Special Report.
Certain of the actual cases mentioned in this Special Report were commenced by Carole Lamson or David Cutner prior to the formation of Lamson & Cutner. The staff attorneys and paralegals who worked on these cases joined Lamson & Cutner when it was formed, and the clients involved all transferred their legal representation to Lamson & Cutner.
Communications with Lamson & Cutner will be treated as confidential by the firm. However, such communications do not create an attorney client relationship with Lamson & Cutner, which may be established only by a written agreement signed by the firm and the client.
Lamson & Cutner accepts no responsibility for the security of communications sent to the firm via email or text message, or through the Internet.
Copyright © Lamson & Cutner, P.C., 2010, 2011, 2012, 2013, 2014 All Rights Reserved
Top Ten Elder Law Strategies for Alzheimer’s Patients and Their Families
- Investigate Elder Law Planning Immediately if You Suspect Alzheimer’s or Dementia
- Asset Protection is Imperative for Alzheimer’s & Dementia Patients
- It’s Not Too Late to Plan an Elder Law Strategy
- Obtain Valuable Services for an Alzheimer’s or Dementia Patient and Preserve Their Dignity
- Predictability + Track Record Equals Successful Elder Law Planning!
- Alzheimer’s & Dementia and the Durable Power of Attorney.
- Caregiver Agreement & Alzheimer’s Disease.
- Health Care Proxy, Advance Directives & Alzheimer’s Disease
- New York Medicaid & Alzheimer’s Disease – NY Residency Matters
- Recertification is Essential to Maintain Medicaid Benefits for Alzheimer’s & Dementia Patients