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Estate Planning and Elder Law Blog

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Medicaid Nursing Home Planning

Risks of Transferring Your Home Ownership or Adding a Child to the Deed

Posted on: May 30, 2024 | By: David Parker, Esq.
For families in the Hudson Valley, understanding the risks of transferring home ownership or adding a child to a deed is essential for making informed, secure decisions about elder care and asset protection.
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CDPAP will pay you to take care of Mom.

Getting the Government to Pay for you to care for Mom

Posted on: February 26, 2023 | By: David Parker, Esq.
Mom needs assistance and you are always there to help. Wouldn't it be great if you could get the government to pay you an hourly rate for what you are doing already? In New York State, the Consumer Directed Personal Assistance Program (CDPAP) provides a unique approach to personal care that allows consumers to choose […]
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Co-op and transferring to the kids

Will Gifting Conflict with Medicaid?

Posted on: September 10, 2022 | By: David Parker, Esq.
Understanding the different treatment of gifts by the IRS, Medicaid and VA systems can ensure that property passes as expected.
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HIPAA rules

How Is New York Strengthening Its Medicaid Program?

Posted on: May 20, 2022 | By: David Parker, Esq.
Reaction to the 2023 New York State budget continues, and older adult advocates are pleased that the $220 billion plan passed by lawmakers earlier this month expands Medicaid eligibility.
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fla

Is a Medicaid Annuity a Good Idea?

Posted on: March 9, 2022 | By: David Parker, Esq.
For couples who face depleting their own assets, using a Medicaid-compliant annuity could be a way to preserve assets and still qualify for Medicaid.
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How does Portability work?

What’s a Medicaid Annuity?

Posted on: February 25, 2022 | By: David Parker, Esq.
It’s not uncommon for older couples to reach a point when nursing home care is needed for one spouse — and the cost isn’t something they were prepared for.
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Calculating Required Minimum Distribution

Gift-Tax Exemptions are Treated Differently by IRS and Medicaid

Posted on: October 13, 2021 | By: David Parker, Esq.
Most people have heard that each individual is allowed to gift $15,000 per year to another person without paying a gift tax. However, exactly what the gift tax is, and the consequences of going beyond $15,000, are less clear.
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What doesn't Medicare cover.

Seven Items Medicare Doesn’t Cover

Posted on: May 28, 2021 | By: David Parker, Esq.
Medicare covers the majority of older Americans’ health care needs — from hospital care and doctor visits to lab tests and prescription drugs.
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Estate Planning and Digital Assets

Are Death Settlements Subject to Medicaid Liens?

Posted on: May 21, 2021 | By: David Parker, Esq.
Can Medicaid take a settlement from family members of a deceased 28-year-old in New Jersey who was quadriplegic and in a nursing home for a portion of his disabled years?
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Co-op and transferring to the kids

Victory Against Medicaid Penalty for Adults Caring for Parents at Home

Posted on: April 19, 2021 | By: David Parker, Esq.
Advocates are celebrating an important victory for individuals who provide care for their parents at home. The new decision will likely lead to a substantial expansion in the number of homes transferred to those caregivers.
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