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Monthly Archives: March 2021

TrustD

What Are the Different Types of Trusts in New York?

By Meyer & Spencer, P.C. |

When you are planning to develop an estate plan with an estate planning attorney, you may be considering the benefits of establishing a trust. There are many different reasons to create a trust, but it is important to understand that there are distinct types of trusts that have different parameters and purposes. Your estate… Read More »

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AssetP5

How to Protect Assets from Medicaid

By Meyer & Spencer, P.C. |

Older adults in Westchester County should be prepared for the possibility of needing costly long-term care in a nursing home or assisted-living facility in the state of New York. Like other states across the country, New York has a “lookback period” for purposes of Medicaid, which is the period prior to applying for Medicaid… Read More »

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Planning3

What Are the Risks If I Avoid Estate Planning?

By Meyer & Spencer, P.C. |

Anyone in or around our area (Westchester County and Putnam County) should consider estate planning, regardless of their age or their relative health. Yet many people put off estate planning until they are older, or until they learn that they are facing a serious illness. It is important to know that there are significant… Read More »

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ElderLaw5

Should I Plan Differently for the Costs of Care in a Nursing Home Versus an Assisted-Living Facility?

By Meyer & Spencer, P.C. |

You might be wondering if your long-term care planning should look significantly different for nursing home care as compared to assisted living or in-home care. Ultimately, when you are doing long-term care planning, it is important to plan for any conceivable scenario and to recognize that costs are high no matter what type of… Read More »

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