Click to play an audio version of this article
The Guardian of an Incapacitated Person residing in a Skilled Nursing Facility was required to marshal all assets, pay debts, and apply for Medicaid. The Guardian was aware that there had been some stock holdings, but was unsure of how many and where they were held. After launching a thorough asset investigation, Genser Cona located numerous accounts that had escheated to the New York State Comptroller. The firm filed several claims for unclaimed funds and ultimately collected $246,034.30. These assets were used to pay a private pay balance and thereafter, Medicaid became the payor source.
$246,034.30 recovered from New York State Comptroller
This case was successfully handled by Cameron M. Catrambone, Esq.
Genser 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, disability 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.
Estate Administration: Small Estate Threshold Raised in New York
$157,300 Recovered from Long Term Care Insurance Policy
$120,000 Recovered via a Zero NAMI Budget
$306,000 in Medicaid Benefits Secured via PRUCOL
$255,000 in Medicaid Benefits Secured via Guardianship
$156,000 Collected by Facility from Real Property