Advantages and Disadvantages of Transferring Your House to Your Children During Your Lifetime

Transferring Your Home To Your Children When it comes time to start planning for your future, one of the first steps is to often evaluate your assets along with who will be inheriting your assets. A common choice for most individuals is to appoint family Read More …

What is the Process of Applying For NY Medicaid in 2023?

Medicaid planning is a complex method of estate planning that allows individuals to become eligible for Medicaid benefits. Medicaid benefits help recipients save money even if your income and assets may be too high to qualify. Since the Medicaid application process is both time consuming Read More …

Top 10 Things to Ask your Elder Law Attorney

Speaking with an Elder Law attorney in New York is often nerve- racking, as it’s hard to know what questions you should ask during your initial consultation. To make sure that your best interests are taken care of, you should be asking the following 10 Read More …

The Ethics of Medicaid Planning

Though it originated as a program to help America’s poor, Medicaid has since become one of the main long-term care providers for millions in the middle class. Generally, as most people reach the age of retirement, they realize one of two things: they’re in dire Read More …

4 Important Long Term Care Planning Tips for Couples

As we age, we never know what might happen. The future is unknown, and we might be gone tomorrow, or we might be here a long time. It’s good to plan for any possibility. For many of us, the best possibility is that we enjoy Read More …

The GOP Tax Plan’s Effect on Medicaid Planning

The Republican Party, also known as the GOP, recently proposed a tax plan which, if enacted, would repeal certain deductions. As of now, nothing is permanent, but, should the plan pass the Senate, medical expense deductions will be eliminated, adversely impacting the elderly and disabled Read More …

How to Qualify for Medicaid Today

How do you qualify for Medicaid? The Medicaid program is often used as a device by those who cannot afford healthcare themselves to get aid in the event that their situation requires it. In fact, it currently covers 74 million Americans. This government assistance program Read More …

How Will Gifting Affect My Eligibility For Medicaid?

How Will Gifting Affect My Eligibility For Medicaid? We’ve all heard the phrase, “It’s better to give than receive.” But did you know that gifting could actually hurt your chances of qualifying for Medicaid? To determine Medicaid eligibility, an applicant must disclose all financial transactions Read More …

What is Medicaid Planning?

What is Medicaid? Medicaid is a jointly funded, Federal-State healthcare program for low-income individuals and others requiring healthcare coverage. It covers children, the aged, blind, and/or disabled and other people who are eligible to receive federally assisted income maintenance payments. What is Medicare? Medicare is Read More …

Protecting Your Assets From The Nursing Home Cost

One of the main reasons that millions of people enroll in Medicaid every year is to avoid the exorbitant fees associated with living in a nursing home. With proper legal advice and comprehensive Medicaid planning from a licensed attorney, you and your family may be Read More …