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Anthony J. Enea
For most seniors the one asset which they are most concerned about losing to the cost of long-term care is their home (primary residence)....
It wouldn’t be an overstatement to say that the residents of New York’s nursing homes and assisted living facilities have felt the brunt of...
For the longest time New Yorkers were eligible for Medicaid home care services without worrying about the five (5) year look back period for non-exempt asset transfers which is imposed for Medicaid nursing home eligibility.
It is not uncommon to believe that long-term home care and nursing home costs are covered by one’s Medicare coverage.
The passage of the “Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019” effective January 1, 2020 made a number of significant changes relevant to IRA’s, 401(K)’s and other qualified retirement benefits.
As the approximately 65 million surviving members of the baby boomer generation retire, it is not unusual for them to own homes in multiple states.
The new law allows the heirs and beneficiaries of the decedent to receive the property inherited at its fair market value on date of death, thus being able to avoid capital gains taxes unless the property or assets are sold for more than their date-of-death fair market value.
All too often the roots of elder abuse are to be found in a senior being dependent either emotionally or physically on the alleged abuser.
Peter Falk’s Law is intended to ensure that children from a previous marriage, as well as other family members, are not denied the right to visit their incapacitated parent or loved one.