Proactive Medicaid Planning & Asset Protection
Blustein, Shapiro, Frank & Barone, LLP Partner Megan Conroy recently joined Bob O. on Oldies 98.9 FM to discuss Medicaid planning and the importance of protecting your assets from the high costs of long-term care.
Why Plan Ahead for Long-Term Care
Thinking about future care needs isn’t easy—but it’s one of the most important financial decisions you can make. In New York, long-term care can cost between $6,000 and $15,000 per month, quickly depleting savings that took a lifetime to build. Medicaid can help offset those costs, but eligibility requires meeting strict income and asset limits.
How Planning Can Help
By planning ahead, individuals and families can take advantage of legal strategies—such as establishing an irrevocable trust—to protect assets while preserving eligibility for Medicaid. The earlier you act, the more options you’ll have to safeguard your home, income, and legacy.
Megan explains how proactive Medicaid planning helps clients:
“We want to ensure that our clients can access the care they need without losing everything they’ve worked so hard for. The key is to start planning before a crisis happens.”
Listen to the Full Interview
Tune in to hear Megan’s full conversation with Bob O. and learn:
- The differences between crisis and proactive Medicaid planning
- How trusts can protect your assets and your family’s future
- When to start preparing for long-term care needs
If you or a loved one are considering long-term care options, contact the attorneys at Blustein, Shapiro, Frank & Barone, LLP today to schedule a confidential consultation. Our team can help you protect your assets and achieve peace of mind through careful, compassionate planning.