See our most recent post about important changes to Medicaid rules regarding eligibility for home care services.
The implementation of the thirty (30) month look-back period for Medicaid home care eligibility was originally scheduled to be effective as of October 1, 2020. Reportedly, it has just been postponed to January 1, 2021. It is somewhat
As our population ages, worries about caring for our parents (not to mention ourselves), grow in importance. On October 1, 2020, New York will impose new restrictions on the eligibility for community Medicaid. This is a major change in the law. Before October 1, eligibility for such home care services was not subject to restrictions
A Power of Attorney is a very important and useful estate planning tool. But it is also a very dangerous one. A Will is effective only upon your death and then only when approved by the Surrogate’s Court. But a power of attorney is effective upon proper completion. It enables the person to whom it
In our previous entry we discussed the various ways that we can give our property can pass to others outside the terms of a valid Will or even if there is no Will at all (intestacy). Once understood, you can next consider your testamentary wishes and how to best give them effect.
You must first
What is a lawyerly answer to this most basic of estate planning questions? Simple, “yes and no.”
Now that I hope to have amused you, allow me to explain the rationale behind the lawyerly answer of “yes and no.” All attorneys understand from experience that for every generalization he or she might make, there are
We all know that individuals who have passed age 70 ½ are required to receive Required Minimum Distribution payments each year from their IRAs and qualified plans. Individuals who inherit any of those assets are also required to take yearly Required Minimum Distribution amounts from those assets as well. It should be remembered however, that
In these troubled Covid-19 times, when we are all concerned with the physical and financial health of ourselves and of the members of our immediate family, many of the firm’s clients have been turning to the attorneys in its Trusts and Estates Department, to have their Wills and other estate planning documents reviewed and updated.
Today, as our country and the world try mightily to recover from the COVID-19 pandemic, which has affected so many people in so many ways, from tragically losing family members, friends and colleagues, to their own illness and the illness of their loved ones, to job loss and other economic losses, to profound changes in
