Chronic v. Community Medicaid
Jun 20, 2016
In New York, Medicaid can be a pay source whether you require care in your home or care in a Nursing Facility. The program which can help cover the cost of care in the home is referred to as Community...
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Is an Irrevocable Trust truly Irrevocable?
May 22, 2012
Question:My children are urging me to create an Irrevocable Trust to protect my assets.I am concerned that once I create the trust, I wont be able to access the money that I put in if the time comes th...
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Using Caretaker Agreement for Effective Medicaid Planning
Jul 07, 2011
The American Association of Retired Persons estimates that approximately 44 million adult caregivers provide some unpaid care to seniors or adults with disabilities. At some point, most seniors who cho...
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To Gift or Not to Gift?
Feb 10, 2011
Question:
My mother is widowed and is beginning to decline in health. I have four siblings. We know that in order to qualify for Medicaid, Mom cannot have more than a certain amount of assets in ...
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New Tax Law Attempts to Make Long-Term-Care Insurance Affordable
Feb 07, 2011
The government often utilizes tax credits and tax incentives as a way to encourage "good behavior" in the general population. For instance, in the 70's, Congress passed sweeping legislation which enco...
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Medicare Coverage
Feb 07, 2011
Medicare is an entitlement program jointly administered by the Federal and State Governments. Medicare provides varying levels of medical coverage to those who are 65 years of age and older or under 6...
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What is Estate Planning?
Feb 07, 2011
While people are aware of the importance of execute a Last Will & Testament, they are often of the mindset that it is something to be done as they get older and as a result it gets put off. For the sa...
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STAR Exemption Deadline March 11, 2011
Jan 31, 2011
Because the deadline for STAR applications in Suffolk County is March 1, 2011, we think that this is the perfect time to explain the different STAR exemptions that are available to homeowners in New Yo...
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2011 Medicaid Income and Resource Levels Remain the Same
Jan 31, 2011
The income levels and figures for determining Medicaid Eligibility will remain the same for 2011. Social Security and SSI benefits are not set to increase for 2011 and accordingly, medically needy inc...
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