Only hire an Elder Law attorney for Medicaid and long-term care issues.
This is Strategy #6 from Lamson & Cutner’s publication, “25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs.” Click here to see the other strategies. Medicaid has a maze of complex rules and regulations. Unless they’re Elder Law practitioners, attorneys are generally not well-equipped to provide accurate advice about the Medicaid system and the strategies […]
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It’s Not Too Late to Protect Your Assets
This is Strategy #5 from Lamson & Cutner’s publication, “25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs.” Click here to see the other strategies. Even if you’re already in a nursing home and are paying for care privately, it’s not too late to initiate effective planning so that Medicaid covers your bills. In […]
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Make a Long-Term Care Plan While You’re Still in Good Condition
This is Strategy #3 from Lamson & Cutner’s publication, “25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs.” Click here to see the other strategies. Even if your health is good right now, you’ll do yourself and your loved ones a big financial favor by planning for both home care and nursing home care. Also, […]
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Be clear on the downside – Without good planning you could lose everything.
This is Strategy #2 from Lamson & Cutner’s publication, “25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs.” Click here to see the other strategies. The thought of aging and potentially becoming sick can be frightening. Most of us hope for the best, but fail to plan for the worst. Who wants to think about […]
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Three Vital Benefits Estate Planning Trusts Provide For Your Family And Other Heirs
Federal estate and gift taxes are no longer a concern for all but the wealthiest people. The Federal exclusion (non-taxable) amounts currently (in 2020) are $11,580,000 for individuals and $23,160,000 for married couples. The New York State exclusion amount has increased as well, and is currently (in 2020) $5,850,000 per person. While the focus of […]
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Choosing a Nursing Home
Many people understandably have a difficult time deciding when it is appropriate to put a parent or other family member in a nursing home, and then choosing which home is best. Other professionals, such as geriatric care managers or social workers, may be better placed than lawyers to guide clients on these questions, but, as […]
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You Can Qualify for Medicaid
This is Strategy #1 from Lamson & Cutner’s publication, “25 Strategies to Prevent Financial Ruin from Long-Term Health Care Costs.” Click here to see the other strategies. Many people have the false impression that Elder Law planning is not worth investigating, because they think they are not eligible for Medicaid. They feel they have too much money, […]
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Significantly Increased 2023 Medicaid Income Levels Will Affect Pooled Income Trust Users
In December of 2022, the Department of Social Services (DSS) and the Human Resources Administration (HRA) sent out over 140,000 notices to Medicaid recipients with surplus income. Some of our clients received one of these notices. The purpose of the notice was to inform the Medicaid recipients with 'surplus income' (the amount that would be […]
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Unexpected News Flash - INCREASED NY Medicaid 2023 Threshold Figures Have Been Released
2023 Updated Quick Reference Chart for New York Medicaid Levels On February 14, 2023, New York's Medicaid office released new relevant figures for 2023. Our Updated Quick Reference Chart shows the most important threshold levels. Key Information: Asset ("Resource") Eligibility Levels - INCREASED Maximum Home Equity that does not count towards Resources - UNCHANGED Income […]
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Retirement Accounts and Medicaid
If you are over 65 years of age, need health care or long-term care, and hope to receive Medicaid benefits, Medicaid will determine your financial eligibility by first calculating the amount of your total “resources,” as defined by them. Your resources include real estate and monetary assets that are titled in your name, such as […]
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