Protecting Assets from the Cost of Long-Term Care in New York

Join Anthony J. Enea, Esq., certified elder law attorney and managing partner of Enea, Scanlan & Sirignano, LLP, as he covers effective strategies for protecting your assets from the cost of long-term care. Mr. Enea shares how to draft a sufficiently broad power of attorney, use a revocable living trust as an effective estate planning tool, and plan for the transfer of a primary residence.

Learning Objectives:

1. Identify essential estate planning documents and their purposes, including the health care proxy, living will, power of attorney, last will and testament, revocable living trust, and Medicaid asset protection trust

2. Compare and evaluate various long-term care planning options, including long-term care insurance and Medicaid eligibility requirements

3. Explore the estate and gift tax issues relevant to estate planning and identify situations, where they may be applicable