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Good News from the NYS Budget 2012

News from the New York State Budget 2012: Spousal Refusal is still a viable practice and the repeal of Estate Recovery

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Category: 2011

2011

Relief for Life Estates- for now

In all likelihood this “relief” is TEMPORARY, as the promulgation of revised regulations is expected

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2011 Medicaid Regional Rates

Effective January 1, 2011, regional rates for calculating transfer penalty periods for 2011 were increased from 2010. The 2011 Medicaid regional rates are as follows

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Too often people associate estate planning with death.

Too often people associate estate planning with death; however, the lives of your family, your loved ones, and yourself should be foremost on your mind. Estate planning, at a minimum, involves the preparation of a heath care proxy, a living will (not to b ...

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Retirement Accounts- IRA’s & 401(K)’s & Medicaid Eligibility

Retirement accounts are often one of the larger assets that a potential Medicaid applicant owns. It is important to understand how these accounts affect Medicaid eligibility. A Medicaid applicant is financially eligible when he or she has resources ( ...

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"IF" is the biggest word in Medicaid planning.

What if you are faced with the difficult decision of placing an elderly parent, spouse or family member into a nursing home? What if you do not have long term care insurance or $10,000.00 to $17,000.00 a month to privately pay for a nursing home? What i ...

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Health Care Proxies

A competent adult may appoint a health care agent and every adult shall be presumed competent to appoint a health care agent unless he or she has been adjudged incompetent or unless a committee or guardian of the person has been appointed.   A v ...

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