With the Home Care industry already struggling to maintain proper staffing, and Medicaid restructuring their payment system a few years ago, the idea of getting 24-hour coverage by paying privately or through Medicaid has become cumbersome. As a result of…
When advising clients regarding Medicaid asset protection planning, it is common to recommend the transfer of their residence (and other properties they may own) to a Medicaid Asset Protection Trust (“MAPT”). After five years, the trust assets would not be…
On Febrero 14, 2018 a lone gunman entered Marjory Stoneman Douglas High School in Parkland, Florida, where he killed seventeen people and injured 15 more in a mass shooting. A year later, the world is still mourning those we lost. They will not be forgotten as many inspired a…
This update provides new Medicare figures for 2019. Medicare Part A: Hospital Services Inpatient hospital deductible $1,364/illness Daily co-insurance $0/day 1-60 $341/day 61-90 $682/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 - 20 $170.50/day 21 – 100…
New York state has not had a gift tax since it was repealed in 2000. However, even absent a gift tax, New York historically required decedents to include in their New York taxable estate all gifts made within three years…
Frequently Asked Question #2: Medicaid: What is the 5 year look back and how does the penalty period get calculated? It is not uncommon for me to canvas a group of people and find out that the majority of the…
It is that time of year again. Many of us will use the next couple of days to reflect on the past year and look forward to making a positive change in the new year. Often those promises that we…
Frequently Asked Question #1: What is the difference between a First Party Special Needs Trust and Third Party Special Needs Trust? Several factors should be considered when determining whether a First Party Special Needs Trust or a Third Party Special…
The latest episode "Making Ends Meet" aired on Lunes, Diciembre 10, 2018 at 1:30 pm. In this episode, we addressed the basic needs of the working poor. Over 8.6 million Americans who struggle each day to survive. Our guests will discuss the…
One of the most frustrating things as a Special Needs planning attorney is to have someone in my office doing planning and they tell me that they need to disinherit a family member because they are receiving some kind of…