May 18, 2022

Elder Law Mediation Keeps The Family Together

Caring for an aging parent can be emotional and bring up old, unresolved issues between family members. It is not uncommon for families to disagree on what their mom, dad, or grandparent needs. Everyone has a different opinion and solution. Not only can these disagreements damage family relationships, but they may be detrimental to the […]

Why Do You Need Asset Protection?

You spend your whole life building wealth and gaining financial stability so you can breathe easier as you near retirement. Without protecting your assets, you might be left holding your breath instead. Asset protection planning uses financial and legal strategies to safeguard your assets from creditors, lawsuits, seizure, and taxation. When you create a solid […]

How Can Medicare and Medicaid Help With Costs?

As of September 2021, 3,703,618 New Yorkers were enrolled in Medicare, and 7,213,006 had Medicaid. While you’ve probably heard of both Medicare and Medicaid, they are two different programs that help you pay for healthcare. Each program provides different benefits and has different costs. Your attorney can help explain the advantages and disadvantages of each […]

Guide on How to Create an Estate Planning Blueprint

No one likes to talk about what will happen after they die. Still, knowing that your assets will be distributed the way you wish and that your family will be cared for after your death can be a massive weight off your shoulders. Although many people believe that estate planning is very important, only 40% […]

Understanding The Importance Of Medicare Options

If you want to afford doctor’s visits and hospital care as you get older, you should know about enrolling in a Medicare health plan. While the tax penalties for failing to have health insurance ended in 2019, it’s still important to have coverage to protect your savings, home, and other assets. One study found that […]

How Can I Use Estate Planning To Prepare For Medicaid?

The Medicaid program can help you pay for nursing home care or home healthcare as you grow older. Most people pay for care out of savings, then apply for Medicaid once their assets are “spent down.” Of the 294 surveyed Medicaid applicants approved in 2012, 14% had over $100,000 in total resources. Therefore, estate planning […]

Who Will Be Responsible For A Medical Debt After Death?

Before a loved one passes, they may spend some time in the hospital. Hospital bills and treatment expenses can add up quickly, especially with a progressive illness like cancer that requires expensive care. Debt collectors may start calling you at all hours, even while experiencing bereavement. Rest assured that the law is in your favor. […]

Is a Healthcare Proxy in an Estate Plan Important?

If you’re starting to worry about what will happen to you and your family as you age, it’s time to consider choosing a healthcare proxy. A healthcare proxy is an important part of any estate plan. A well-planned estate eases the burden on your family. It explains your wishes for after your death as well […]

What Are the Countable and Non-Countable Assets for Medicaid?

It’s a common misconception that anyone with assets isn’t eligible for Medicaid. In reality, 14% of all nursing home Medicaid applicants in 2012 had assets totaling over $100,000. New York requires those over 65 to report their income and assets (or “resources”) when applying for Medicaid. However, only some resources count toward the limit, and […]

Get to Know the Six Estate Planning Mistakes When You’re Remarrying with Children

Estate planning protects your property and assets if you become incapacitated or die. It guides your family about your wishes for health care and finances when you can’t make those decisions anymore. If you don’t have a written estate plan, the state may make these decisions for you. When you’re remarrying, it’s time to update […]