SYRACUSE, NY – As long-term care expenses in New York continue to climb, many families are left unprepared for the financial impact. New York Medicaid planning attorneys of the Davies Law Firm (https://davieslawfirm.com/new-york-medicaid-planning-attorney/) are urging residents to act before a crisis occurs by developing a strategy to manage these costs and protect assets from depletion.

Long-term care, whether provided in a nursing home or through in-home services, often exceeds $150,000 annually in New York. Without a solid Medicaid plan in place, families may find themselves spending their life savings rapidly. That’s why the New York Medicaid planning attorneys emphasize proactive planning to help clients remain eligible for benefits while preserving what they’ve worked hard to build.

Frederick P. Davies and William P. Davies, as seasoned New York Medicaid planning attorneys, have helped thousands of clients understand and apply the strategies necessary to qualify for Medicaid assistance without forfeiting their homes, retirement accounts, or savings. By creating plans aligned with New York's Medicaid rules, the attorneys help clients secure access to care while minimizing financial exposure.

“Dealing with the critical issue of Medicaid planning proactively empowers you to make thoughtful decisions that safeguard your family's financial well-being,” said Frederick P. Davies. This approach is central to how the Davies Law Firm guides families across New York through the challenging Medicaid landscape.

Medicaid planning involves structuring assets and income to meet New York’s strict eligibility requirements, including limits on both income and countable resources. For example, in 2025, a single Medicaid applicant in New York must have no more than approximately $32,396 in assets. However, many assets, such as a primary residence or vehicle, may be exempt under certain conditions. The firm walks clients through what counts, what doesn’t, and how to position their finances to meet the eligibility threshold without unnecessary loss.

Unlike Medicare, which does not cover most long-term custodial care, Medicaid is a joint state-federal program that can cover these high costs if the applicant qualifies. Frederick P. Davies and William P. Davies clarify that many families mistakenly rely on Medicare, only to realize too late that it won’t cover essential care services. The distinction is critical for those seeking to avoid out-of-pocket costs that could threaten a family’s financial future.

For individuals and couples seeking to protect assets and plan for future care needs, the Davies Law Firm provides tailored solutions such as Medicaid Asset Protection Trusts (MAPTs), spend-down strategies, and, where appropriate, spousal refusal, a legal mechanism in New York that allows the healthy spouse to preserve assets while the other applies for Medicaid.

Proper timing is key. New York’s five-year look-back period for nursing home Medicaid means that any asset transfers made during this period may result in a penalty, delaying eligibility. Frederick P. Davies advises clients to begin Medicaid planning well in advance of needing care: “The sooner you act, the more control you have over your finances and the more options you may retain.”

In addition to helping clients qualify for Medicaid, Davies Law Firm also addresses concerns related to spousal impoverishment. Under New York law, the spouse remaining in the community is allowed to keep a portion of the couple’s combined assets and income. William P. Davies works closely with married clients to ensure both spouses’ needs are met while complying with Medicaid’s detailed rules.

Whether clients are planning early or facing an immediate care crisis, the firm provides support every step of the way. By helping clients understand the consequences of past financial decisions and guiding future actions, Frederick P. Davies and William P. Davies reduce stress and prevent missteps that could lead to denied benefits or financial loss.

Families also benefit from the firm’s long-standing commitment to transparency and ongoing support. Davies Law Firm operates under flat fees when possible, does not charge annual maintenance fees, and offers lifetime access to free telephone consultations. This client-first approach has helped them serve more than 10,000 families across New York.

Those concerned about long-term care costs and asset protection are encouraged to consult with the New York Medicaid planning attorneys at Davies Law Firm. With a clear, legally sound plan, families can maintain financial stability and ensure quality care without sacrificing their legacy.

About Davies Law Firm:

Davies Law Firm, known as "The Living Trust Law Firm," provides estate and Medicaid planning services throughout New York. Led by attorneys Frederick P. Davies and William P. Davies, the firm focuses on asset protection, long-term care planning, and legal strategies that help families maintain financial stability while accessing essential care. With nearly four decades of experience and over 10,000 families served, the firm is committed to helping clients protect what matters most.

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Media Contact
Company Name: Davies Law Firm
Contact Person: Frederick P. Davies
Email: Send Email
Phone: (315) 472-6511
Address:210 E Fayette St, Syracuse, NY 13202
City: Syracuse
State: New York
Country: United States
Website: https://davieslawfirm.com/