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For many people, the best choice for long-term care costs involves setting up a Pooled Income Trust. Open to people of any age, it allows them to become financially eligible for insurance programs such as Medicaid, while at the same time preserving their monthly income in a trust to cover living expenses and other needs. By taking advantage of this option, a person can obtain Medicaid home care services for their long-term care needs, while continuing to have the money available to support themselves while at home. A variety of people can greatly benefit from establishing a pooled income trust, including recipients of personal injury settlements, elderly people who are ill and living at home, younger people who have special needs, and people who are applying for or already receiving government benefits.

When a person has to move into a nursing home, they are required to divest themselves of their assets in order to pay for their care. However, by placing their assets into an Irrevocable Trust, the assets can be protected from high nursing home bills. However, it’s important to remember that this type of transfer must be done at least five years before a person goes into a nursing home.

While thinking about the difficulties one may face as they age is difficult, failing to do so can lead to financial problems that can devastate an entire family. Rather than allow this to happen, it’s best to contact a New York Elder Law attorney as early as possible to make arrangements that will be satisfactory to everyone involved. By doing so, a family can gain peace of mind, knowing their financial and long-term care needs will be met.

For many people, the best choice for long-term care costs involves setting up a Pooled Income Trust. Open to people of any age, it allows them to become financially eligible for insurance programs such as Medicaid, while at the same time preserving their monthly income in a trust to cover living expenses and other needs. By taking advantage of this option, a person can obtain Medicaid home care services for their long-term care needs, while continuing to have the money available to support themselves while at home. A variety of people can greatly benefit from establishing a pooled income trust, including recipients of personal injury settlements, elderly people who are ill and living at home, younger people who have special needs, and people who are applying for or already receiving government benefits.
When a person has to move into a nursing home, they are required to divest themselves of their assets in order to pay for their care. However, by placing their assets into an Irrevocable Trust, the assets can be protected from high nursing home bills. However, it’s important to remember that this type of transfer must be done at least five years before a person goes into a nursing home.
While thinking about the difficulties one may face as they age is difficult, failing to do so can lead to financial problems that can devastate an entire family. Rather than allow this to happen, it’s best to contact a New York Elder Law attorney as early as possible to make arrangements that will be satisfactory to everyone involved. By doing so, a family can gain peace of mind, knowing their financial and long-term care needs will be met.

Over the years, our legal practice has continued to rapidly expand into several additional complex and sophisticated areas in which we had advised many clients, including, but not limited to: international tax and wealth preservation planning; family business succession planning; tax and estate controversies; corporate and partnership business structuring; marital planning; and income tax planning for closely held businesses and real estate clients. Additionally, some of our attorneys serve as legal advisors to many prominent charitable organizations and have developed a niche practice in the complicated area of charitable planning and the structuring and operations of nonprofit organizations under the federal and state laws dealing with complex issues including, lobbying, advocacy, unrelated business income tax, joint ventures, avoiding excise taxes and foreign charities.We work hard to provide our clients with the best legal representation in New York. We focus on estate planning and administration services, as well as business planning and succession representation. This is important since many of our clients are business owners, and successfully running their company is a big part of preparing for their future.Whether you need a simple estate plan, help creating infrastructure for your business, looking for an effective and flexible business succession plan, or need a sophisticated estate plan, we can help you with every step of the way. We want to partner with you today and long into the future to help ensure that your planning evolves with you, your family and your business.

Over the years, our legal practice has continued to rapidly expand into several additional complex and sophisticated areas in which we had advised many clients, including, but not limited to: international tax and wealth preservation planning; family business succession planning; tax and estate controversies; corporate and partnership business structuring; marital planning; and income tax planning for closely held businesses and real estate clients.

Additionally, some of our attorneys serve as legal advisors to many prominent charitable organizations and have developed a niche practice in the complicated area of charitable planning and the structuring and operations of nonprofit organizations under the federal and state laws dealing with complex issues including, lobbying, advocacy, unrelated business income tax, joint ventures, avoiding excise taxes and foreign charities.

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Over the years, our legal practice has continued to rapidly expand into several additional complex and sophisticated areas in which we had advised many clients, including, but not limited to: international tax and wealth preservation planning; family business succession planning; tax and estate controversies; corporate and partnership business structuring; marital planning; and income tax planning for closely held businesses and real estate clients.

Additionally, some of our attorneys serve as legal advisors to many prominent charitable organizations and have developed a niche practice in the complicated area of charitable planning and the structuring and operations of nonprofit organizations under the federal and state laws dealing with complex issues including, lobbying, advocacy, unrelated business income tax, joint ventures, avoiding excise taxes and foreign charities.

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We understand the importance of effective communication with our clients. We keep you informed, and we work closely with your family and business to follow the latest trends in estare planning and are able to take advantage of the latest tax developments. We work closely with your advisors to make sure that your estate plan is integrated with your business and retirement goals.

As long as you are acting as trustee, you must act with prudence and fairness. Since you are taking care of the assets for the beneficiary, you are responsible for doing the best you can to avoid waste of assets, and you must grow assets. Many people worry that they could get in trouble should they make a bad decision, but that is not the case. As long as there was no ill intent, and it was a reasonable decision at the time that it was made, there won’t be any penalties. Trustees do, however, typically manage assets conservatively to ensure assets will be there for the beneficiaries when the time comes.

You have worked hard throughout your life to build up your estate, so it is important to do everything you can to protect what you have earned. Part of any good estate plan is going to be evaluation of your exposure to creditor liabilities or litigation risks. There are many different threats to your assets, and planning for all of them can be difficult. Our team can help by analyzing your particular situation and taking steps to protect your family from the most likely risk that may present itself.

We understand the importance of effective communication with our clients. We keep you informed, and we work closely with your family and business to follow the latest trends in estare planning and are able to take advantage of the latest tax developments. We work closely with your advisors to make sure that your estate plan is integrated with your business and retirement goals.

As long as you are acting as trustee, you must act with prudence and fairness. Since you are taking care of the assets for the beneficiary, you are responsible for doing the best you can to avoid waste of assets, and you must grow assets. Many people worry that they could get in trouble should they make a bad decision, but that is not the case. As long as there was no ill intent, and it was a reasonable decision at the time that it was made, there won’t be any penalties. Trustees do, however, typically manage assets conservatively to ensure assets will be there for the beneficiaries when the time comes.

You have worked hard throughout your life to build up your estate, so it is important to do everything you can to protect what you have earned. Part of any good estate plan is going to be evaluation of your exposure to creditor liabilities or litigation risks. There are many different threats to your assets, and planning for all of them can be difficult. Our team can help by analyzing your particular situation and taking steps to protect your family from the most likely risk that may present itself.

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We understand the importance of effective communication with our clients. We keep you informed, and we work closely with your family and business to follow the latest trends in estare planning and are able to take advantage of the latest tax developments. We work closely with your advisors to make sure that your estate plan is integrated with your business and retirement goals.

As long as you are acting as trustee, you must act with prudence and fairness. Since you are taking care of the assets for the beneficiary, you are responsible for doing the best you can to avoid waste of assets, and you must grow assets. Many people worry that they could get in trouble should they make a bad decision, but that is not the case. As long as there was no ill intent, and it was a reasonable decision at the time that it was made, there won’t be any penalties. Trustees do, however, typically manage assets conservatively to ensure assets will be there for the beneficiaries when the time comes.

You have worked hard throughout your life to build up your estate, so it is important to do everything you can to protect what you have earned. Part of any good estate plan is going to be evaluation of your exposure to creditor liabilities or litigation risks. There are many different threats to your assets, and planning for all of them can be difficult. Our team can help by analyzing your particular situation and taking steps to protect your family from the most likely risk that may present itself.

Asset Electric Corp will replace all current wiring according to the required codes, you will be educated on your new wiring systems and functions as well as switches. All existing wires will be replaced or repaired where necessary, during the commercial electrical panel installation. If necessary, you will get a new power supply or meter during installation of the new panel.

A lot of property improvement projects can be performed by homeowners with experience in construction and design. However, when it comes to electrical wiring, repairs and replacements should be left to those with professional training. Handling wires can be extremely hazardous, and incorrect installations can put your loved ones and property at risk long term.

Save energy with sustainable and efficient lighting solutions. Innovative and attractive LED lights greatly cut down operational costs while increasing tenant safety, property appearance and marketability. Retrofitting common areas and interior units with appealing, reliable lighting can prove to be highly beneficial. Our residential and commercial electricians in the New York area provide lighting installation, inspection and repairs and are industry experts in outdoor and landscape lighting solutions. Asset Electric Corp’s skilled team knows exactly which type of outdoor wall lighting installation or garage lighting upgrade your property needs for a safer environment.