John Ciafone | Queens Scene

QueensScene Years ago, my parents consulted an attorney who advised them to create a Trust for their assets. Unfortunately, Pop fell ill with Alzheimer’s and Mom needs to put him in a nursing home. Will we lose everything? The beauty of a properly executed Trust is that if your parents were made Trustees, either of them can be substituted or re-moved expeditiously without additional paperwork or court intervention. The fact that your father is now suffering from a mental condition that is estimated almost 50 percent of the senior population will be susceptible to, enables the estate assets in the Trust to be protected from Medicaid. In other words, if your family decides to place your father in a nursing home and requests Medicaid to pay for the costly expenses of up to $15,000 a month in the tri-state area, the Trust assets will be Med-icaid- proof. “ON THE LAW” with JOHN J. CIAFONE, Esq. Attorney & Counselor at Law 25-59 Steinway St./Suite 2F, Astoria (718) 278-3900 SERVING THE NEEDS OF OUR COMMUNITY 24 HOURS/7 DAYS If you have any questions; please Call: John J. Ciafone, Esq. Question: Answer: Page 30 August 2017 <pagedata>29:0.0664267689:0.926475704:0.948270202:0.0814409778</pagedata>