Category Archives: Asset Protection
Elder Law And Medicaid Estate Recovery: How Does It Work?
It is critical to plan ahead for Medicaid coverage for nursing home care given the very high costs. The New York State Department of Financial Services reports that nursing home care in downstate New York costs approximately $340 per day. That’s more than $10,000 per month! Over the course of a year, the average… Read More »
Do I Need Advanced Directives?
Whether you are getting ready to meet with a Putnam County or Westchester County asset protection lawyer or you are wondering about whether you need an attorney to help you with estate planning, you might have come across the term “advanced directives,” which are sometimes written as “advance directives” in other states. You may… Read More »
How Can A Mahopac Lawyer Help With Elder Law And Asset Protection?
Planning for long-term care can be complicated and difficult, especially when long-term care must involve Medicaid planning. Any long-term care planning should involve extensive thinking about options for protecting your assets, and learning more about the potential penalties and risks associated with transferring assets soon before needing care in a nursing home. How can… Read More »
Medicaid Asset Protection Trusts FAQs
If you are helping an elderly parent or relative plan for nursing home care, or if you are making plans for yourself in the future, it is essential to consider a variety of options for protecting your assets while remaining eligible for Medicaid coverage. One option that many New York residents consider when it… Read More »
Medicare And Medicaid: Understanding Long-Term Care And Asset Protection
Older adults who need medical coverage may rely on both Medicare and Medicaid. However, the two federal programs are quite different from one another. Medicare is a federal program that provides health coverage to older adults aged 65 and up, as well as to adults under the age of 65 if they have a… Read More »
Protect Your Assets From Medicaid : What Seniors Need To Know
It seems that, as people age, they try not to think about long-term care in a nursing home or about the fact that nursing home care can be extremely expensive. Given the high costs of nursing home care, there are a lot of seniors in Putnam County and Westchester County who end up relying… Read More »
Common Mistakes To Avoid In Elder Asset Protection
Whether you are concerned about your own assets as you age or you have an elderly parent for whom you are worried about long-term care and asset protection, it is important to work with a Westchester County asset protection attorney. You will want advice from someone who has experience managing elder law cases in… Read More »
Talking About Long-Term Care And Asset Protection With Your Elderly Parent
When you have an elderly parent who may soon require long-term care or may need to think about issues of asset protection in order to be eligible for long-term care through Medicaid, it can be difficult to know the best way to have conversations around this topic. This is especially true if your parent… Read More »
Look-Back Period For Medicaid Home Care: What You Need To Know
Anyone who is considering the issues related to elder law and asset protection may know that there is a look-back period when it comes to eligibility for Medicaid benefits and the transfer of assets. What do we mean by a look-back period? If you or an elderly loved one needs to obtain long-term care… Read More »
How to Protect Assets from Medicaid
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 »