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The
Law
Offices of Peter Cook are
located in downtown
Millburn, NJ.
Elder law is an area of focus for the practice with a particular emphasis on
obtaining and/or retaining public benefits (especially Medicaid)
for the elderly and disabled.
We also provide outstanding legal services in estate planning, wills,
trusts, probate, gift, retirement planning, as well as related matters
affecting elders such as guardianships, landlord/tenant relations.
In the practice of elder law
and estate planning, we often see people in a medical, financial and
emotional crisis. It is common that a family member has a chronic or an
extended illness or disability resulting from a stroke, Alzheimer's or
Parkinson's disease, or other illness resulting in a need for long term
care, which jeopardizes the financial security that the family has worked
all of their lives to obtain. It is our goal to lift that financial burden
from the shoulders of our clients - often by helping them plan to either
obtain and/or keep public benefits such as Medicaid planning.
For example,
when someone needs to be admitted into a nursing home and they do not have
long term care insurance or they have inadequate long-term care insurance,
we often help them with Medicaid planning to shift the burden of the cost of
care to prevent financial devastation and to preserve as much, if not all,
of their resources - all pursuant to the laws, rules and regulations.
Sometimes this requires the use of trusts (such as Miller
Trusts, Supplemental and Special Needs Trusts, etc.), transfers of both
income and resources, changing the nature of resources or just simply
keeping resources in the exact same condition but simply increasing the
amount of resources that otherwise could be protected for public benefits.
Tax issues, such as gift taxes, capital gains taxes, estate taxes and income
taxes and various deductions also should be considered when planning in
addition to other estate planning issues.
At the present
time in New Jersey, it is not unusual to protect $500,000, and sometimes
much more, and obtain long-term care Medicaid in situations where one spouse
needs to go into a nursing home and one spouse lives at home or in the
community. We try to achieve the goal of the client - whether it be simply
assets how to make assets last longer or preserving assets in its present
condition and obtaining public benefits such as long-term care Medicaid, or
simply planning in the event of disability or death by the use of wills,
trusts, powers of attorneys and other legal documents.
Our clients are attracted to us because of the outstanding legal services
provided, and stay with us because of the high level personal attention.
We provide for free initial consultations, please call us at (973)
763-5668 or email us at
peter_cook_esq@yahoo.com to set up a convenient time for your
consultation. Evening and weekend office consultations are also available.
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