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Medicaid

The Increasing Relevance of Estate Planning

The Increasing Relevance of Estate Planning with legal paperwork

The COVID-19 pandemic has brought about unprecedented changes to our daily lives. For many people, this relentless health crisis has raised awareness as to how fragile life can be, and has shed new light on the critical importance of planning for the unknown. One of the most important steps you and your family can take…

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Estate Planning In Times of Uncertainty

Estate Planning in Times of Uncertainty

The recent outbreak of COVID-19 has many wondering if they are prepared for the unpredictable future. People are taking this time to get organized, assess their situations, and address their needs. An important part of this analysis is the need for a comprehensive and coordinated estate and asset protection plan. A comprehensive estate plan will…

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Paying For A Nursing Home

Nursing Home costs in the Hudson Valley

When you or someone you love requires nursing care, the sudden responsibility to cover the costs can be distressing. So what are your options? PAY OUT OF POCKET. Nursing home care costs an average of $12,500 PER MONTH in the Hudson Valley. Some local homes are closer to $15,000, and even as high as $28,000!…

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Shapiro Selected for Council of Advanced Practitioners Membership

BSR&B Partner Richard J. Shapiro receives Council of Advanced Practitioners Membership

Blustein, Shapiro, Frank & Barone, LLP is proud to announce that Partner Richard J. Shapiro has been selected as a member of the Council of Advanced Practitioners (CAP) by the National Association of Elder Law Attorneys (NAELA). NAELA is a national organization comprised of attorneys whose practices include working with the legal problems of aging…

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Asset Transfers That Are Exempt From Medicaid Penalties

Asset Transfers That Are Exempt From Medicaid Penalties

Under the Medicaid “look back” rules, gifts made by a nursing home resident within the five-year period preceding the date of filing a Medicaid application are scrutinized by the Department of Social Services to determine the impact of those gifts on the applicant’s Medicaid eligibility. Contrary to common perception, however, not all asset transfers made during the look back…

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Medicaid Asset Protection Trust

Medicaid Asset Protection Trust

Given the escalating costs of long-term care (Orange County nursing homes currently cost an average of almost $12,000.00 per month), not surprisingly, people are searching for ways to shelter their hard-earned assets from the potentially devastating financial effects of a lengthy stay in a nursing home. If long-term care insurance is not an option, a…

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The Cost of Elder Care: Options at a Glance

The Cost of Elder Care: Options At A Glance

Proactively addressing the care you may require as you age is critically important. The results of failing to plan cannot only be financially devastating and result in a lack of proper day-to-day care for yourself, it can also cause significant stress on your family and even separation from your spouse. We all know someone who…

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An “Irrevocable” Trust May Not Be Irrevocable After All

An "Irrevocable" Trust May Not Be Irrevocable After All

The most common client request in my elder law practice is the desire to protect a residence and other assets from the high cost of long-term care, which in the Hudson Valley will often exceed $12,000 per month. Proactive planning requires that the client make gifts of selected assets, with such asset transfers being deemed…

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Protecting Public Benefits After Receiving an Inheritance

Protecting Public Benefits After Receiving An Inheritance

I recently met with a woman in her late 50’s who about ten years ago suffered a traumatic brain injury (“TBI”) that left her disabled. “Barbara,” who was divorced with no children, had an insufficient number of countable work credits and was ineligible for both Social Security Disability Insurance (“SSDI”) benefits and Medicare coverage afforded…

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