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All posts by : SM_Admin

Screen Shot 2023-07-26 at 8.37.52 AM

The Importance of Estate Planning For Young Professionals

July 25, 2023
by SM_Admin Estate Planning

  While Estate Planning is often associated with an older demographic, it is never too soon to start planning for the future. Establishing a comprehensive Estate Plan is particularly beneficial for young professionals who are seeking to accumu ...

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Six Ways Estate Planning Now Benefits You and Your Loved Ones

June 16, 2023
by SM_Admin Estate Planning

It's easy to overlook the potential impact of estate planning, but if you've ever been party to a probate estate where someone didn't do any estate planning, you've seen the havoc this can cause. By taking some time in advance and communicating with a ...

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“Ask Andy:” FREE Answers to Your Estate Planning Questions

September 28, 2022
by SM_Admin Elder LawEstate Planning

Have you ever wanted to ask an experienced estate planning and elder law attorney anything about their areas of practice—and get answers for free? You could ask about: Wills and trusts; How to get assistance from Medicaid to pay for nursing hom ...

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The Difference Between a Living Will and a Health Care Power of Attorney

September 19, 2022
by SM_Admin Elder Law

Many people are confused about the difference between a living will and a healthcare power of attorney. A living will specifies life prolonging treatments you do or do not want in the event you either suffer from a terminal illness or are in a permanent v ...

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Older couple sitting on couch looking over their estate plan

New Community Medicaid Penalties Coming Very Soon: Why Take an Unnecessary Risk?

September 17, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 m ...

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Get the Home Care You Need without Going Broke. Avoid New Community Medicaid Penalties

September 16, 2020
by SM_Admin Medicaid

In 2019, the median cost of home care in New York was more than $50,000 per year. The good news is that Community Medicaid will pay for home care, as well as for private duty nursing, personal care, or the assisted living program (ALP). The bad news is ...

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New Community Medicaid Transfer Penalties Go into Effect Next Month—Protect Yourself Now!

September 15, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 m ...

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paper cutouts of a house, a car and a family to represent assets

New Transfer Penalties for Community Medicaid: Exempt Assets

August 27, 2020
by SM_Admin Medicaid

As we mentioned in earlier emails, on October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. When the law takes effect, non-exempt assets sold below fair market value, transferred to others, or simply giv ...

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New Community Medicaid Transfer Penalties: How the Penalty is Calculated

August 25, 2020
by SM_Admin Medicaid

We have seen that applicants for Community Medicaid will be subject to a new 30-month look-back period beginning October 1, 2020. Applicants who sold non-exempt assets below fair market value, transferred such assets to others, or simply gave them away wi ...

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New Community Medicaid Transfer Penalties: How Do “They” Know You Made any Transfers?

August 20, 2020
by SM_Admin Medicaid

On October 1, 2020 applicants for Community Medicaid will be subject to a new look-back period of 30 months. This means that if you apply and are eligible for Community Medicaid on or after October 1, and you made non-exempt asset transfers within 30 mont ...

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