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Can I gift my children $14,000 per year without Medicaid imposing a penalty?
Generally, in determining the Medicaid eligibility of a person receiving nursing facility services, any gifting of assets made by the...

Salvatore Di Costanzo


GOP Tax Plan Could Deal Blow to Seniors Paying for Long-Term Care
The tax plan put forward by the Republican-led House of Representatives would eliminate many current deductions, and getting rid of one...

Salvatore Di Costanzo
Do I need a power of attorney if my spouse is joint on all my accounts?
Your spouse might be able to access your bank accounts but he will be very limited in doing much else. A properly drafted power of...

Salvatore Di Costanzo
If I disinherit my child in my Will, does he/she need to be contacted upon my death?
Actually, yes! When someone dies, the first step is to determine if the decedent owned any assets individually, meaning there were...

Salvatore Di Costanzo


Use Your Will to Dictate How to Pay Your Debts
The main purpose of a will is to direct where your assets will go after you die, but it can also be used to instruct your heirs how to...

Salvatore Di Costanzo
If I am a Power of Attorney, am I legally responsible for someone’s bills?
No. When someone appoints you as his/her attorney in fact (people casually refer to their title as “power of attorney”) to handle their...

Salvatore Di Costanzo


Social Security Beneficiaries Will Receive a 2 Percent Increase in 2018
In 2018, Social Security recipients will get their largest cost of living increase in benefits since 2012, but the additional income will...

Salvatore Di Costanzo
Why is it someone with a revocable trust needs to probate their will?
This is a very common issue with revocable trusts and it results from not respecting the formalities of the trust. In order for a...

Salvatore Di Costanzo


New Yorker Article Highlights Abuses in the Guardianship System
Serious problems with the public guardianship system in the United States can lead to elder abuse, according to an in-depth article in...

Salvatore Di Costanzo
Can the State Make a Claim on My Father's House if He Is Receiving Medicaid Home Care?
State laws vary considerably, so you should confirm this response with a local elder law attorney. But here are the general rules: the...

Salvatore Di Costanzo
The Guardianship Process
According to a recent report published by the Alzheimer’s Association, in 2017, approximately 5.5 million individuals have “Alzheimer’s...

Salvatore Di Costanzo
Can the State Make a Claim on My Father's House if He Is Receiving Medicaid Home Care?
State laws vary considerably, so you should confirm this response with a local elder law attorney. But here are the general rules: the...

Salvatore Di Costanzo


How to Reverse Medicare Surcharges When Your Income Changes
What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If...

Salvatore Di Costanzo
Does My Dad Need a Power of Attorney If I Can Pay His Bills With a Joint Bank Account?
A durable power of attorney would still make a lot of sense. Having your name on your father’s bank account is great because it permits...

Salvatore Di Costanzo


Now Is the Time to Review Your Medicare Options
Are you happy with your current Medicare plan or plans? Now is the time to think about whether you are in the right plan or whether a new...

Salvatore Di Costanzo


Florida Nursing Home Tragedy Causes Rethinking of Disaster Preparedness
The recent tragedy in which 12 Florida nursing home residents died when the facility lost power during Hurricane Irma is causing...

Salvatore Di Costanzo


Nursing Home Costs Rise Sharply in 2017
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...

Salvatore Di Costanzo
What to do when Executor of my parent’s will is not giving me information about the assets of the estate?
Assuming by your question that you are a beneficiary of your parent’s estate, you are entitled to certain information. For instance,...

Salvatore Di Costanzo
How long is the probate process?
The answer to this question is dependent on the County you live in. Regardless, the probate process can take quite some time and delay...

Salvatore Di Costanzo
Can I appoint more than one person power of attorney?
You can appoint as many people as you wish, however there are a few things to consider about the person you appoint. First, you should...

Salvatore Di Costanzo
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