After reading my last blog “10 Advantages to Cottage LLCs”, you may have decided to transfer your family vacation home into a New York LLC. These are the eleven steps to forming a New York vacation home LLC: Consult with an attorney with expertise in real estate, business and estate planning law. Consult with an […]
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Feb
Feb
Michael’s parents own a cottage on Lake Ontario in Wilson, New York which has great sentimental value to him. He has fond memories of summers on the lake as a child. He wants to keep it in the family for his children, his brothers and future generations to enjoy. Since his parents are in their […]
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Feb
Feb
The End of Three Month Retroactive Coverage Puts Providers and Families At Risk according to the National Academy of Elder Law Attorneys. Sec. 114(b) of the American Health Care Act would repeal retroactive coverage of Medicaid eligibility. This puts providers at risk of economic loss; strains family finances; and pits providers against family members for […]
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Feb
Feb
The American Health Care Act Sec. 114 (b) would repeal the authority of states to set a minimum amount of home equity as a countable resource for Medicaid eligibility. This is according to “Considerations on Limitations to Home Equity for Medicaid Eligibility” released by the National Academy of Elder Law Attorneys. This policy would affect […]
28
Feb
Feb
The best nursing homes in Erie County, New York can be found on a website launched today. Erie County Executive Mark C. Poloncarz issued an Executive Order creating a county website to publicize the ranking of nursing homes in Erie County, New York. The website provides a searchable list of all nursing homes in Erie […]
28
Feb
Feb
The New York Family Cottage Limited Liability Company (LLC) operating agreement should address these issues: Do family members have the first right of refusal before the cottage can be transferred to a non-family member or ex-spouse? Will the purchase price be based on an appraisal or a predetermined formula? How is responsibility for the expenses of owning, […]
28
Feb
Feb
Assisted living is the fastest growing form of residential housing for older Americans. New York Assisted Living Residences (ALR) are not a hospital, nursing home, continuing care retirement community, mental health facility, independent senior housing, or an adult care facility. ALRs provide or arrange for housing, on site monitoring, and personal care services and/or home care […]
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Feb
Feb
Most clients wait to find a New York Elder Law Attorney until an emergency healthcare situation suddenly arises or when a loved one needs nursing home care. However, the best time to find an Elder Law Attorney is before a crisis. Elder Law Attorneys use a multidisciplinary approach, addressing medical, financial, legal, social and family […]
28
Feb
Feb
The New York Power of Attorney form, which is widely used to enable someone else to handle your financial and legal affairs when you are unable to, should be revamped by the New York State Legislature. This is the recommendation of the New York State Bar Association which feels that this complicated document needs to […]
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