Knowing that it is time to think about leaving your home can be a very sad time. There is so much that is changing, and you want to know that the best move is for you. How can you protect your home while remaining eligible for Medicaid? What arrangements can be made? Take this information […]
29
Jun
Jun
5 Facts You Probably Did Not Know About Qualifying for Medicaid Download Our Free Medicaid eBook Your health and the health of your family are two of your highest priorities, and nothing should stand in the way of your family’s well-being. You can preserve your family’s assets, while accessing long term care services through the Medicaid […]
01
May
May
Medicaid planning Download Our Free Medicaid eBook Retirement should be an age of few worries. However, after the first few weeks or even years of leisure, travel, and time spent with your family, you may begin to harbor growing concerns about protecting your rights and assets as you age – both for yourself, as you […]
03
Oct
Oct
As a Buffalo Elder Law Attorney, people often ask me about the penalty for the five-year look-back period. Essentially if you’ve made any gifts in the past five years prior to applying for Medicaid, you will be penalized. Gifts are those that are done in anticipation of going to a nursing home. The gifts may […]
19
Sep
Sep
As a Buffalo Elder Law Attorney, I am often asked what is the power of attorney statutory gift rider. This rider has been around since 2009 with the major changes in the powers of attorney. The basic power of attorney now authorizes the agent to make gifts of only $500 per year. If you wish […]
22
Aug
Aug
As a Buffalo Elder Law Attorney, many of my clients’ most valuable asset is their home. There are many protections for those who are going to nursing homes that own homes. First off, if you have a child caregiver, you may be able to transfer the house to them without being penalized. If you’ve had […]
12
Aug
Aug
Yes, there are a number of legal, ethical ways for seniors to allocate their wealth so that if their health declines to the point of needing nursing home care or similar services, they won’t have to decimate their lifetime of work and earnings in order to be eligible for Medicaid. It’s important to work with […]
12
Aug
Aug
Medicaid eligibility is complex, but when a person applies for Medicaid for nursing home services in Buffalo, the Department of Social Services will review your financial transactions, and your spouse’s, going back a full five years. When transfers have been made into trusts or distributed as gifts during that look back period, applicants will face […]
10
Aug
Aug
Preparing for worst case scenarios, while not necessarily a pleasant use of your time, is something that can end up saving you and your spouse an enormous amount of money, stress, and heartache. It can also ensure that you have a legacy you can pass on to your loved ones, charities you value, and institutions […]