What’s a Five Year Lookback?
It’s a major Medicaid myth to assume that if you gift money to your children, Medicaid can’t take it away from you. Although it’s technically [...]Read More
How to Revoke a NY Power of Attorney
When you’re concerned about someone else making decisions on your behalf under an existing power of attorney or your current agent is no longer able to serve, [...]Read More
How to Revoke a Revocable Trust in NY
The steps for revoking a revocable living trust are relatively simple, namely executing an official document of dissolution and the transfer of assets. A revocable [...]Read More
What’s the Best Way to Open a Conversation About Estate Planning?
Estate planning can be a tricky subject, particularly when your loved ones struggle to confront the prospect of their own mortality. This conversation does not [...]Read More
How to Incorporate Your Financial Plans into Your Estate Plan This Year
The new year provides incredible opportunities to capitalize on the momentum of transition and looking forward to the future. Keeping your goals very specific when [...]Read More
Which of My Accounts Need Beneficiary Designations?
Your will is the basic document in which you can name who you want to become guardian of your minor children and who you’d like [...]Read More
New Community Medicaid Penalties Coming Very Soon: Why Take an Unnecessary Risk?
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 [...]Read More
Get the Home Care You Need without Going Broke. Avoid New Community Medicaid Penalties
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 [...]Read More
New Community Medicaid Transfer Penalties Go into Effect Next Month—Protect Yourself Now!
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 [...]Read More