November 2017 Archives

The benefits of estate planning early with knowledgeable counsel

For individuals with aging family members, helping them prepare for the future involves more than just Medicaid planning. In fact, advisors recommend an estate planning process that involves not only the creation of a will, but also a living will or advance health care directive. For the elderly in New York and across the country, it's never too soon to begin planning, especially if the aging individual does not have a spouse.

Medicaid planning is a delicate balance of now and then

If your parent spent the last years of his or her life in a nursing home, you probably understand the financial toll. In fact, your loved one may have put off seeking long-term care because of the astronomical cost, but in the end, it was unavoidable. Your parent may have had to sell your childhood home and use up all his or her assets to qualify for Medicaid, leaving you and your siblings with no inheritance and perhaps lingering medical and funeral expenses.

Long Island New York Medicaid planning attorney helps avoid myths

Medicaid is a means-based benefits program meant to help elderly individuals with the cost of long-term nursing home and home health care expenses. Unfortunately, Medicaid comes with a host of regulations and requirements that, if not followed to the letter, often result in penalties or even outright disqualification. There are a lot of confusing myths and half-truths surrounding the program. Luckily, a Long Island New York Medicaid planning attorney can help individuals separate fact from fiction.

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