Cona Elder Law

Top 10 Myths of Elder Law & Estate Planning

Top 10 Myths of Elder Law & Estate Planning

Misinformation abounds in Elder Law, confusing older adults, community members and professionals alike. Don’t fall victim to inaccurate information and make costly mistakes! Get legal advice from experienced Elder Law attorneys like the attorneys at Cona Elder Law.

Here are some common mistakes:

Top 10 Myths of Elder Law & Estate Planning

Elder Care Law Myths
  1. A revocable trust protects assets.
  2. A joint account is counted 50% for Medicaid purposes.
  3. A power of attorney can make health care decisions.
  4. An IRS tax-free gift does not count as a gift for Medicaid purposes.
  5. A Will governs all assets, even accounts with joint titleholders or beneficiaries.
  6. You can’t own a home and be eligible for Medicaid benefits.
  7. Life insurance is not part of your taxable estate.
  8. An IRA is a countable resource for Medicaid purposes.
  9. A young person does not need a Health Care Proxy, Power of Attorney or a Living Will.
  10. A disabled person cannot inherit money without losing government benefits

Click Here to Find Out Why the Above Statements are Incorrect and Get All the Right Answers.

About the Author Cona Elder Law

Cona Elder Law is a full service law firm based in Melville, LI. Our firm concentrates in the areas of elder law, estate planning, estate administration and litigation, special needs planning and health care facility representation. We are proud to have been recognized for our innovative strategies, creative techniques and unparalleled negotiating skills unendingly driven toward our paramount objective - satisfying the needs of our clients.

follow us on:

Accessibility Toolbar

Demo Title

This will close in 0 seconds