The 2019 Medicaid Regional Nursing Home Rates have been published. How do they affect the penalty for transferring or giving away assets before you apply for Medicaid? If you transfer assets within the five years before you enter a…
Important: Medicaid Eligibility Levels Have Changed – New Figures for 2019 The government recently published new figures regarding Medicaid eligibility and Medicaid income limits for 2019. They are slightly increased from the 2018 levels. Assets: To achieve Medicaid eligibility,…
If you decide to move to an Assisted Living residence, there are key issues you need to think about besides whether they have good food, a nice view, or enjoyable cultural activities. Here’s why planning is crucial: Assisted Livings are…
November is National Family Caregivers Month, and National Hospice/Palliative Care Month. These two groups deserve our heartfelt thanks for the challenging work they do. In addition, November 14-20 is National Home Care Aide Week – we should also recognize and…
Senior Law Day is an opportunity for seniors and caregivers to find out how New York’s laws protect our seniors and enable them to protect themselves. The event runs from 9:00 am to 2:30 pm at the Westchester County Center…
The biggest reason to do Elder Law planning is to protect yourselves and your family. Most people (70%, according to the U.S. Department of Health and Human Services) will need long-term care at some point in their lives, and the…
As an Elder Law and Estate Planning attorney, it is essential for the work that I do for clients to take a careful inventory of their assets. Since I’m a lawyer and not a financial advisor, it’s not my place…
Lamson & Cutner will be presenting its Overview Course on Elder Law Planning: “Community Medicaid, Nursing Home Medicaid, and Key Components of Long-Term Care Planning” at Riverstone Senior Life Services in Washington Heights, NY. The event will take place on…
Is it ever beneficial to take all the money out of your IRA and pay the taxes on it? Surprisingly, sometimes the answer can be ‘yes.’ Normally people want to leave money in their retirement accounts as long as possible…
“If I Give Someone More Than $15,000, Will I Have To Pay Gift Taxes?” There are many reasons people give gifts of money. For example, sometimes parents want to help out their kids, or they might want to accelerate…
