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 допускает месячный доход в $1732 долларов на одного человека или $2,351 долларов на супружескую пару. Допустимый уровень имущества составляет $30,120 долларов на одного человека и $40,880 долларов на супружескую пару. Помимо допустимого дохода и имущества, пожилые, слепые и инвалиды имеют право на владение домом, если его стоимость не превышает $1, 071, 000 долларов.

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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 levels for 2024.  Medicaid permits a monthly income allowance of $1,732 per individual or $2,351 for a married couple.  The permitted resource level for a single person in this category is $30,120 and $40,880 for a married couple[1].  Aside from the permitted income and resource allowance, seniors or those who are blind or disabled are entitled to a home if the equity does not exceed $1,071,000.      

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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 a streamlined method for transferring real estate to beneficiaries, bypassing the often cumbersome probate process.

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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 выхода на пенсию.

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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 state of New York offer exemptions to reduce or eliminate potential estate taxes. In this article, we’ll break down the basics of these exemptions and explore some practical estate planning techniques to help you navigate this complex landscape. Continue reading “Demystifying Estate Taxes: Federal and New York State Exemptions and Effective Estate Planning Techniques”

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.