Medicaid

The Centers for Medicare & Medicaid Services (CMS) has released the 2023 federal guidelines for how much money the spouses of...

Under New York State law, a spouse is considered a legally responsible relative which means that you are financially responsible for the...

An inheritance can be easily dissipated if your child is a spendthrift, has bad habits or is involved with a divorce. A trust can ensure...

Thursday, August 27th, 2020, I continued discussing Governor Cuomo’s State Budget implementing a new 2 1/2 year look-back period for...

This question often arises where an individual requires some assistance with her activities of daily living but can largely function on...

A 529 plan is a very common planning technique used by grandparents to fund a grandchild’s college education. Simply stated,...

Co-Authored by Joanna C. Feldman, Esq. The short answer is no, but let’s go further. Medicaid applications to cover expenses in a nursing...

Co-written by Joanna C. Feldman, Esq. An application for Medicaid benefits to cover home care services is less complicated than an...

While you generally do not have to sell your home in order to qualify for Medicaid coverage of nursing home care, it is possible the...

Caring for an ailing family member is difficult work, but it doesn’t necessarily have to be unpaid work. There are programs available...

Traditionally, Medicaid has paid for long-term care in a nursing home, but because most individuals would rather be cared for at home and...

One of the most unfortunate situations in my practice is when I hear that someone spent most, if not all, of their assets on the cost of...

Second to the house, an individual retirement account (“IRA”) is usually the largest asset when looking into someone’s financial...

Co-authored by Joanna C. Feldman Under the usual fact pattern, a retirement account will not render someone ineligible for Medicaid. ...

Co-authored by Joanna C. Feldman Let’s consider the cost of care versus the legal fees to implement proper planning. So often, when I ask...

Co-authored by Joanna C. Feldman Generally speaking, Medicaid rules require most of one’s monthly income be contributed toward the cost...

Co-authored by Joanna C. Feldman This is a question we’re continually asked, so we’re glad we have another opportunity to clear things...

While an annuity might serve you well from a financial planning perspective, financial planners and clients must be aware of the...

A 529 plan is a very common planning technique used by grandparents to fund a grandchild’s college education.  Simply stated,...