Jennifer Cona Featured in LIBN Discussion on How We’ll Thrive in ’25

Cona Elder Law’s founder and managing partner, Jennifer Cona, was featured in Long Island Business News article titled “How We’ll Thrive in ’25: Long Island Leaders Reveal their Predictions for the Year Ahead“. See Jennifer’s insights below:

Elder Law is now a mature industry with plenty of competition. This includes attorneys new to the field (particularly since the real estate downturn) and non-attorney agencies handling Medicaid work. Typically, competition is good for consumers (vs. monopolies), but in this case, it has led to everything from sub-par services to legal malpractice to errors or failures costing families tens to hundreds of thousands of dollars in Medicaid mistakes. Those of us who are the elder statespeople in the field are called upon to fix these disasters, which we do, but at great cost both financially and emotionally to an already struggling family in crisis. Not what most of us have bargained for at that point in our lives.

Older adults, loved ones and caregivers need to beware: You get what you pay for. When it comes to the highly specialized field of Elder Law, which focuses on the unique legal issues affecting older adults as they age, encompassing estate planning, long-term care planning and asset protection, as well as major life decisions such as planning for future healthcare needs, it is not the time to be penny wise and pound foolish.

An estate and elder law plan is like a parachute: You only use it once, and you better be sure it works.