Medicaid Trusts

Dear Mr. Di Costanzo:  Can Medicaid take my home if I get sick? If you fall ill, you may seek Medicaid benefits to help pay for your care...

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...

Over the years, I have found that one of the biggest obstacles preventing clients from pulling the trigger on a Medicaid Trust is the...

Co-Authored by Joanna C. Feldman, Esq. Long-term care insurance can be a great arrow in one’s quiver of tools when planning for the...

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...

The Power of Attorney (“POA”) and Statutory Gifts Rider (“SGR”) are two of the most important documents drafted by an elder law...

A Medicaid Trust is an irrevocable trust designed to protect your assets from the staggering costs of long-term care, usually nursing...

Co-authored by Joanna C. Feldman This question was recently asked at an event we hosted during which we discussed strategies to leave a...

Change is inevitable, and it comes in many shapes and sizes.  Death, disability, and divorce are three of the most common changes in life...

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 To be eligible for Medicaid benefits in a nursing home in 2018, one may have no more than $15,150.00 in...

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

Co-authored by Joanna C. Feldman A Medicaid Trust is often used when planning for the future and contemplating the fact that one might...

We have all heard the saying “life is full of regrets”.  I have compiled a list of the most common regrets that I often hear from...

Obtaining eligibility for Medicaid often requires transferring assets to a spouse or other family members.  When transferring assets, one...

The median cost of a private nursing home room in the United States has increased to $97,455 a year, up 5.5 percent from 2016, according...

Unfortunately, we cannot control if and when we may fall ill but we can be proactive to protect our financial assets by planning early....