Medicaid and Your Stimulus Check
So, the stimulus checks went out. Now what? For those who received those funds, the hope was that you would be using the funds to help pay for things you need and in turn, that would help the economy. What…
Should a Guardian Consider Medicaid Planning?
As Elder Law attorneys we advise our clients to execute durable powers of attorney in order to ensure that someone they trust is authorized to manage their property in the event that they no longer have the capacity to do…
How Can I Keep My Loved One At-Home? A Look at Pooled Income Trusts
As elder law attorneys, we frequently meet with family members frustrated by the cost of long-term health care. Many of our clients wish to remain at home but are misinformed as to their options. A Pooled Income Trust A Pooled…
Exploring the Benefits of Assisted Living Facilities
Generally, the answer to this question is “No”. However, Medicaid does have a program, aptly named the “Assisted Living Program” (or “ALP”) that does provide Medicaid coverage for an assisted living. There are a number of facilities in New York,…
Applying for Community Medicaid: What Your Attorney Can Do
What you should expect an attorney to do, after they are retained, to guide the Medicaid applicant and their loved ones through the Medicaid application process? When they are is engaged to complete an application for Community Medicaid, you can…
Applying for Community Medicaid: What You’ll Need to Do
As the population ages and people are living longer than ever before, an increasing number of people find they need help at home. Because the cost of paying for home care privately can be impossibly burdensome, many families choose instead…
Cracking the Code: Decoding Medicaid’s 5 Year Look Back Period
It is not uncommon for me to canvas a group of people and find out that the majority of the group has heard of the 5 year look back when it comes to applying for Medicaid in a nursing home…
Ensuring a Secure Future: Inheritance and Special Needs Planning
One of the most frustrating things as a Special Needs planning attorney is to have someone in my office doing planning and they tell me that they need to disinherit a family member because they are receiving some kind of…
When is a gift not a gift?
As a planner, I sometimes hear things like: “I thought I could give my kids $10,000” “I’ll just sell my house to my children for $1” “Can I pay my grandson’s college tuition and not have to worry about Medicaid?…
Can I Revoke My Irrevocable Trust?
When it comes to protecting your assets from the costs of a long-term illness, such as a nursing home, the Medicaid Asset Protection Trust is a staple planning technique. It is an effective way to protect your home (and other…