Category: Uncategorized
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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.
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.
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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…