Medicaid and Asset Protection Archives - Genser Cona Elder Law

Category Archives for Medicaid and Asset Protection

Experts: It’s Never Too Early or Too Late to Plan for Your Golden Years

Far too many people wait much too long to make plans for their retirements, as well as all aspects of old age for that matter, with some never making such plans at all. The consequences of not planning can be devastating for them and their families, according to a group of experts who discussed aging on […]

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Medicaid Home Care Update – Guildnet Closing in January

Guildnet MLTC, FIDA and Medicaid Advantage Plus plans are closing as of January 1, 2019. Official notices are being sent to all Guildnet members in mid-October 2018. What You Need to Know ♦ You will receive a notice from New York Medicaid Choice advising you to choose a new plan. ♦ You will have 60 days to select and […]

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Slow Medicaid Processing Leaves Patients in Limbo

Many applications take months to be ruled on while families rack up big bills.by Claude Solnik Morris Wiener, a 94-year-old Medford resident who developed diabetes and a host of other diseases, wanted to stay at home and receive care instead of going to a skilled nursing facility. So his grandson Oren Wiener on March 14, 2008, […]

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The CRACKDOWN on Medicaid Planning

​by Mary Beth Franklin For some individuals, long-term care insurance may not be an option.  And some people give away their money and property in order to qualify for Medicaid help sooner, a practice known as Medicaid planning.  One way to deal with both situations is to earmark funds sufficient to pay for care, establishing an […]

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Retirement Assets and Medicaid Eligibility

 In order to become eligible for Medicaid benefits for home health care or nursing home care, an individual must have less than the resource allowance amount as set by the State.  But not all assets are treated the same.  Retirement assets are in a category of their own.  A qualified retirement account such as an IRA […]

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Protecting Assets in a Crisis: All is not Lost

 A loved one needs immediate nursing home care and has not planned ahead.  Will the family have to spend-down all assets?  Luckily, no.  It is still possible to protect one-half of an individual’s assets, even if s/he is already in a nursing home, by using a promissory note.  It works as follows:  the nursing home resident […]

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Who Will Mind Mom? Check Her Contract

Seniors Turn to Written Agreements to Compensate Relatives as Caregivers; Reducing Estate SizeBy Jennifer B. Cona, Esq.TRISH RICHERT recently signed a blinding employment contract. In exchange for taking care of a 77-year-old woman- arranging and taking her to doctor’s appointments, doing her bills, keeping her house tidy- Ms. Richert, of Greensboro, N.C., receives a modest stipend […]

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When Planning For Medicaid Leads to Estate Litigation

​Family agreements offer way to avoid disputes within families after death of parentsBy Jennifer B. Cona, Esq. MORE SENIORS and their families are becoming aware of elder law and specific planning options for preserving assets and financing long-term health care needs. As a result, more families are engaging in Medicaid asset protection plans, often before a […]

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Planning Ahead to Avoid a Family Fight

Call it the ultimate, unintended consequence: a plan intended to preserve your children’s inheritance that triggers a family feud instead. “We’re seeing more litigation among family members as a result of Medicaid planning,” says Jennifer B. Cona, an estate lawyer at Genser Dubow Genser & Cona in Melville. Medicaid planning typically requires you to give […]

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The Perils of Funeral Prepayment Plans

Tips on shopping for funeral goods and services. Shopping around for the most suitable and affordable funeral goods and services is a wise consumer idea. However, be extremely cautious about paying in advance — or prepaying — for them. There are a number of legal controls on how the funeral industry can handle and invest funds earmarked […]

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