Law Offices of Irina Yadgarova PLLC
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”
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”
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?”
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.
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).
New Power of Attorney Form Required in New York Effective June 13, 2021
On December 15, 2020, Governor Cuomo signed into law changes to the New York Power of Attorney (“POA”) law, which will took effect on June 13, 2021. A new POA form must be used as of that date. However, POA’s that were executed prior to June 13, 2021 in accordance with the then applicable law, will not be impacted and the agency granted may continued to be relied upon. All POA’s drafted or executed after June 13, must “substantially conform” to the new POA law. Continue reading “New 2021 Power of Attorney (POA) Effective June 13, 2021”