Posts Tagged ‘wealth preservation’
4 Trusteeship Misconceptions in a Special Needs Trust
Special Needs Trusts have two primary objectives: Fiduciary management and government benefit eligibility. Special Needs Trusts provide fiduciary management and oversight for individuals who are unable to take direct custody…
Read MoreAsset 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…
Read MoreTotten Trusts: A Technique for Distributing Your Assets at Death
The most common method of distributing assets after death is by a will. A will has precise legal requirements, can sometimes require a lengthy probate proceeding, and should be drafted by a…
Read MoreThinking of Sitting for the CELA Exam? What You May Want to Know Before Taking the Plunge
Read the article in the NYS Bar Association’s Elder and Special Needs Journal here. About three years ago I first considered taking the CELA exam administered by the National Elder Law Foundation…
Read MoreProtecting 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…
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