Estate & Elder Law Solutions

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Estate & Elder Law Insights

Read our latest insights on wills, trusts, and long-term care to help you and your family navigate legal choices with confidence.

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  • Podcast focusing on Medicaid Planning and Homecare

    Learn about the significance of setting up irrevocable Medicaid Asset Protection Trusts, probate avoidance and Medicaid eligibility ruled in New York.

  • Планирование для душевного спокойствия: почему планирование имущества и Medicaid имеет решающее значение для жителей Нью-Йорка, приближающихся к пенсионному возрасту

    По мере приближения жителей Нью-Йорка к пенсионному возрасту важность проактивного планирования имущества и Medicaid становится очевидной. С ростом расходов на долгосрочный уход, сложными законами о защите активов и запутанностью системы завещания в Нью-Йорке разработка всеобъемлющего плана может означать разницу между сохранением наследия и расходованием с трудом заработанных активов на непредвиденные расходы. Одним из самых мощных…

  • Planning for Peace of Mind: Why Estate and Medicaid Planning is Crucial for New Yorkers Nearing Retirement

    As New Yorkers approach retirement age, the importance of proactive estate and Medicaid planning becomes increasingly evident. With rising long-term care costs, complex asset protection laws, and the intricacies of New York’s probate system, developing a comprehensive plan can mean the difference between preserving a legacy and seeing hard-earned assets consumed by unforeseen expenses. One…

  • Medicaid Eligibility & Planning with Pooled Trusts Update for 2025

    In order to be eligible for Medicaid, seniors (age 65 and over), and those who are blind or disabled, must meet certain income and resource guidelines.  The Office of Health Insurance Programs recently issued an update on Medicaid eligibility criteria pertaining to income and resource levels for 2025.  Medicaid permits a monthly income allowance of…

  • The Growing Significance of Medicaid Planning in 2025

    As healthcare costs continue to soar, Medicaid planning will emerge as a crucial priority for seniors in 2025. The escalating expenses of medical care, particularly for long-term and home-based services, are compelling many individuals to take proactive steps to secure their financial future while preserving access to essential care. This urgency is heightened by the…

  • 2025 Medicaid Planning Update (Russian language) важность планирования Medicaid в 2025 году

    По мере того как расходы на медицинское обслуживание продолжают расти, планирование Medicaid является очень важным для пожилых людей в 2025 году. Растущие затраты на медицинские услуги, особенно на долгосрочное и домашнее обслуживание, вынуждает многих принимать меры чтобы защитить свое финансовое будущее и сохранить доступ к необходимому уходу. Эта необходимость становится актуальной из-за ожидаемого введения более…

  • Why You Should Transfer Your Home to a Trust

    If you are a homeowner in your 50’s or older, my advice to most of you is to transfer your home into an Asset Protection Trust.   Having you name on the deed (title) of the home exposes you to risk of lawsuits, creditors like Medicaid and nursing homes, and of course your heirs will have…

  • Medicaid 2024 Update with Pooled Trust example in Russian

    Коллективные трасты “Pooled Trusts” в планировании Медикейда. Обновленная версия на 2024 год Чтобы иметь право на получение Медикейда, пожилые люди (65 лет и старше), незрячие и инвалиды должны соответствовать определенным требованиям к доходу и имуществу. Недавно Отдел программ медицинского страхования опубликовал обновленную версию критериев уровня доходов и имущества для получения Медикейда на 2074 год. Медикейд…

  • 2024 Medicaid Update with Pooled Trust Example

    Medicaid Eligibility & Planning with Pooled Trusts Update for 2024 In order to be eligible for Medicaid, seniors (age 65 and over), and those who are blind or disabled, must meet certain income and resource guidelines.  The Office of Health Insurance Programs recently issued an update on Medicaid eligibility criteria pertaining to income and resource…

  • New York Introduces Transfer on Death Deeds: A New Path to Simplify Estate Planning

    We are catching up to states like Texas that already permit Transfer on Death Deeds! In a significant shift for estate planning in New York, the New York State Real Property Law has been amended to include Section 424, which introduces the Transfer on Death (TOD) Deed. Effective July 19, 2024, this new provision offers…

  • Navigating Trust Transfers of Mortgaged Property

    Are you considering integrating your mortgaged property into a Trust but not certain if this is possible? The short answer: yes, you can. However, like any legal matter, there are many nuances and variables to consider and that may change the affirmative answer. Let’s delve into the details to shed light on the path ahead.

  • Medicaid Update February 2024- Russian Language

    2024 MEDICAID LEGAL UPDATE  AND NEW CRITERIA –UPDATED FEBRUARY 2024  Внимание ! Новые правила ,чтоб получить медикейд ! Не смотря на то, что огромное количество Американских пенсионеров среднего класса продолжает иметь право на медикейд, мы обычно думаем (неправильно!), что если мы владеем недвижимым имуществом или хорошо зарабатываем, то мы не имеем право на медикейд после…

  • 2024 IRS Gift Update

    Some quick updates on the annual and combined estate/gift exclusion numbers for 2024.

  • Navigating the Retirement Maze: A Comprehensive Guide with a New York Elder Law Attorney

    Embarking on the journey to retirement is like charting a course through a complex maze—full of twists, turns, and potential pitfalls. As a seasoned New York elder law attorney, I’m here to be your guide, helping you navigate the intricacies of retirement planning.

  • Understanding the Impact of Recent IRS Ruling on Trusts and Estate Planning

    Estate planning just got a bit more complicated, thanks to a recent ruling by the IRS. The ruling was issued in March 2023 and is Revenue Ruling 2023-2; it has significant implications for individuals who have an irrevocable trust as part of their estate plan.

  • Demystifying Estate Taxes: Federal and New York State Exemptions and Effective Estate Planning Techniques

    Demystifying Estate Taxes: Federal and New York State Exemptions and Effective Estate Planning Techniques Planning for the future is essential, and that includes ensuring your loved ones are taken care of even after you’re gone. However, the prospect of estate taxes can be intimidating. The good news is that both the federal government and the…

  • Do I need a Revocable or Irrevocable Trust?

    Every trust is either revocable or irrevocable, but which trust should you create? Find out what factors go into the decision of what trust is right for you.  We look at your age, wealth level, family circumstances, desire for flexibility and control as just some of the factors that go into this decision.

  • Medicaid Eligibility Criteria and Planning in 2023 and 2024 in Russian

    2023 MEDICAID LEGAL UPDATE  AND NEW CRITERIA ПЛАНИРОВАНИЕ МЕДИКЕЙДА: СМОЖЕТЕ ЛИ ВЫ СЕБЕ ПОЗВОЛИТЬ ОПЛАТУ ЗА МЕДИЦИНСКИЕ УСЛУГИ ВЫЙДЯ НА ПЕНСИЮ? Не смотря на то, что огромное количество Американских пенсионеров среднего класса продолжает иметь право на медикейд, мы обычно думаем (неправильно!), что если мы владеем недвижимым имуществом или хорошо зарабатываем, то мы не имеем право…

  • Medicaid and the 5 Year Lookback

    This video clears up all the confusion surrounding the current five year lookback for Medicaid. Learn about what the 5 year lookback is, the associated penalty for nursing home/institutional Medicaid coverage and the new 2.5 (two and a half) year lookback for community Medicaid effective in 2024.

  • Get all the decision makers in one room – a consideration for your estate planning/trust consultations

    Learn about why it can be critical for all family decision makers, and trustees in particular, to be present during an estate planning consultation. Family dynamics, your intentions as well as the intentions of those close to you should be carefully weighed and considered by all parties prior to signing a Trust or other legal…