CREATING A SAFE HARBOR FOR YOUR FINANCIAL FUTURE
Telephone: (631) 257-5469
PRACTICE AREAS
As one of Long Island’s premier estate planning law firms, the Law Office of Matthew V. Ferdon, PLLC assists clients with creating wills, trusts, powers of attorney, health care proxies, and living wills. Our goal is to create a safe harbor for the financial future of our clients by providing legal expertise and execution of legal strategies to meet our clients' needs with an emphasis on personal attention and professionalism. Focusing on Asset Protection, we believe that protecting yourself and your loved ones from creditors is a necessary undertaking no matter the size of your estate. When a loved one passes away, we are here to provide guidance to fiduciaries in connection with probate and trust administration to ensure the timely administration and distribution of estate or trust assets, and protect fiduciaires from liability. For clients whom require long-term care, we assist with preparing and filing Medicaid applications as well.
Estate Planning
Plan your estate by creating a Revocable Living Trust, Last Will and Testament, Power of Attorney, Health Care Proxy, and/or Living Will. By executing these important legal documents, you can provide for the next generation and beyond, manage finances during times of incapcity and have the right people making health care decisions on your behalf if you cannot do so yourself. Understanding the process is an important step to get you started.
Asset Protection
Take the right steps before you need long-term care to preserve your assets so that your family is prepared for anything that may happen in the future. An Irrevocable Asset Protection Trust is essential to qualifying for Medicaid and protecting your home and other assets from the reach of the government, as well as ensuring that assets avoid probate. Asset Protection is also essential to separate business assets from personal assets in case of a lawsuit.
Medicaid Applications
If a loved one needs long-term care at home or at a skilled nursing facility, then beginning the Medicaid application process is the essential. While the cost of long-term care has grown dramatically, there are strategies available to gain Medicaid eligibility as soon as possible without risking all of the applicant's assets and/or income. An experienced attorney will take the worry out of navigating through the Medicaid process for your loved one.
Probate & Estate Administration
When someone passes away with a Will, the property in the decedent’s estate must go through probate. If there is no Will, then a fiduciary must be apoitned to adminster the decedent's estate. Accordingly, the Executor or Adminstrator collects and distributes the decedent's assets to the beneficiaries or distributees. Avoid the pitfalls of probate or estate administration with the advice of an experienced attorney.