| Read Time: 4 minutes | Medicaid

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. In most cases, spouses...

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| Read Time: 4 minutes | Estate Planning

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 as for your medical...

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| Read Time: 4 minutes | Medicaid

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 it only takes a...

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| Read Time: 4 minutes | Estate Planning

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 your estate plan to...

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| Read Time: 4 minutes | Medicaid

Medicaid: How Can I Get a Housing Allowance After Being Discharged from a Nursing Home?

Receiving healthcare through a Medicaid-funded program can make a huge difference in your well-being, but qualifying for assistance can leave you with questions about how to pay for your other needs. Housing is one of those needs. As New Yorkers know, figuring out how to pay for housing in this great state can be a constant concern, especially on...

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| Read Time: 4 minutes | Elder Law

What to Do with the House When the Elderly Enter a Nursing Home

If you or a family member needs skilled nursing care, you have plenty of issues to tackle regarding medical care, costs, and protecting assets. What to do with the house when the elderly enter a nursing home is often a primary concern. When you are facing the issue of an elderly person moving into a nursing home you must...

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| Read Time: 4 minutes | Medicaid

Understanding the Major Change of Medicaid Eligibility and Lookback in NY State

Last month, New York finally adopted regulations implementing budget cuts from the state’s 2020 budget. Several of these regulations imposed a major change in Medicaid eligibility. These regulations also introduced a “lookback” period into New York’s state’s Medicaid program. While many agree that reforms to New York state’s regulations were necessary, the reception to the new rules is mixed....

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| Read Time: 4 minutes | Estate Planning

Estate Planning: The Documents Your Children Should Sign Before Heading To College

Sending your son or daughter off to college is an exciting milestone for both you and your child. There is so much to prepare during this time, from housing arrangements to class schedules to moving day. If estate planning for your child is not on the to do list, it should be. With certain estate planning documents in place,...

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| Read Time: 4 minutes | Probate

Four Problems When You Make Your Will Outside A Lawyer’s Office

It is tempting to try to create a will on your own, outside of a lawyer’s office. Bookstores, online services, libraries, and even friends may present templates for you to create your will. Your goal may be to save money and time and create the will yourself. However, when you make your will without an attorney, you are taking...

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| Read Time: 4 minutes | Estate Planning

Estate Planning: How Can I Transfer My Business Through My Estate Plan?

Without a doubt, if you own a business you have thought of when and how you might transfer the interest in your business. When anyone addresses estate planning issues, they have to make some decisions. But business owners have special considerations when it comes to their estate plans. If you are in this situation, you are likely wondering: Is...

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