Medicaid income and asset thresholds age 65 and up (or disabled) effective January 1, 2023 in New York
Simple and effective estate planning tip
Staying organized and leaving moral directives can save a lot of time, stress, money and aggravation for your heirs.
2022 New York State Estate Tax & Strategies to Mitigate
New York State Estate Tax & Strategies to Mitigate
In 2022, the New York estate tax exemption is $6,110,000 (up from $5.93mm in 2021). This means that a New Yorker passing away with more than the exemption amount (or a non NY resident with tangible or real property in NY in excess of the exemption) must pay a state estate tax. Continue reading “2022 New York State Estate Tax & Strategies to Mitigate”
Settlement checks and government benefits
depending on your age, disability status and the type of benefits you are receiving (e.g. SSI, Medicaid, government housing) Continue reading “Settlement checks and government benefits”
Is it ever too late to plan for Medicaid?
One half or all of your assets can be protected from nursing homes depending on how early you engage in estate and elder law planning. Continue reading “Is it ever too late to plan for Medicaid?”
Medicare Basics and Elder Law Planning
This video is a great introduction to Medicare basics such as who should be applying for Medicare and when, as well as information about the part B premiums, premium penalty, open enrollment periods, and various plans. The video also touches upon the significance of Medicaid planning due to the fact that Medicare doesn’t cover all medical expenses such as long term care, etc.
Estate Planning and Medicaid Planning Basics 2 of 2
Estate Planning and Medicaid Planning Basics Webinar 1 of 2
Quick Tips on Storing your Will
Medicaid and Elder Law Planning Post Covid-19
Please listen as I present alongside another premier elder lawyer on Medicaid and Elder law following the coronavirus pandemic. This webinar covers trust planning (both asset and income/Pooled trusts) for Medicaid eligibility, the Medicaid application process and addresses various aspects of the CDPAP program (where family members can work as the home health aides). Significantly, we speak about the sweeping changes to home care Medicaid and the new “lookback”/penalty period for home care services (now pushed back to be effective for all Medicaid applications submitted after January 1, 2022).