Category Archives: Asset Protection
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 »
Should I Plan Differently for the Costs of Care in a Nursing Home Versus an Assisted-Living Facility?
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 »
What You Should Know About Long-Term Care Insurance
If you are thinking about planning ahead for long-term care and asset protection, it is important to understand how long-term care insurance works, the reasons people pay for it as a means of asset protection in the future, the costs of long-term care insurance, and the different types of plans that may be available… Read More »
How Does the Medicaid Lookback Period Work?
If you are anticipating that you will need to take advantage of Medicaid’s long-term care insurance program, or if you have an elderly parent or loved one who will soon need long-term care, it is more important than ever to think about asset protection and to learn more about how the Medicaid lookback period… Read More »