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Monthly Archives: November 2020

A Modest Social Security Increase for 2021

The Social Security Administration has announced a 1.3 percent rise in benefits in 2021, an increase even smaller than last year’s. 

November 24, 2020 Advance Directives, Assisted Living, Estate Planning, Health Care Proxy, Long Term Care, Medicaid Planning, Power of Attorney, Probate, Trusts, Uncategorized, Wills

How to Fix a Required Minimum Distribution Mistake

The rules around required minimum distributions from retirement accounts are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the error and possibly avoid a stiff penalty.  

Advance Directives, Assisted Living, Estate Planning, Health Care Proxy, Long Term Care, Medicaid Planning, Power of Attorney, Probate, Trusts, Uncategorized, Wills

Receiving an Inheritance While on Medicaid

For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, an inheritance may not be such welcome news

Advance Directives, Assisted Living, Estate Planning, Health Care Proxy, Long Term Care, Medicaid Planning, Power of Attorney, Probate, Trusts, Uncategorized, Wills

New York Imposes Restrictions on Medicaid Eligibility for Home Care

New York was the only state that didn’t have a look-back period for Medicaid home care, but that is now changing. New York Medicaid applicants will no longer be eligible for home care if they gave away assets within 30 months of applying. 

Advance Directives, Assisted Living, Estate Planning, Health Care Proxy, Long Term Care, Medicaid Planning, Power of Attorney, Probate, Trusts, Uncategorized, Wills

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