Look Back Period for Institutionalized Medicaid There is a currently a 60 month (5 year) look back period for obtaining institutional Medicaid benefits. This means that the Medicaid recipient has a five year look back period where he or she may be subject to being a self-payer. Spousal Refusal If the community spouse has assets greater than … [Read more...]
Long Term Care in America
The life expectancy of Americans continues to get longer. There are a variety of reasons for American’s increased life expectancies. Better medical care, more knowledge about nutrition are two of the more significant factors which have helped increase the life expectancy of Americans. Long Term Care Issues It is estimated more than 70% of all … [Read more...]
Medicaid Planning; Medicaid Asset Protection Trust
Medicaid Asset Protection Trusts (MAPT) are the best way to preserve assets should you be unable to purchase long term care insurance. Sometimes family members presume putting their assets in joint names with their children will help them should they be forced to go into a nursing home and apply for Medicaid. This is a mistake! Putting assets in … [Read more...]
Is There A Right To Die?
Please click on the link below to watch today's video blog: https://youtu.be/DRw_SWl_I_w Elliot S. Schlissel is a member of the National Academy of Elder Law Attorneys. Elliot and his associate lawyers maintain a sophisticated practice handling all aspects of elder law. He can be reached for a free consultation at 1-800-344-6431, 516-561-6645 … [Read more...]
Proposed Tax Credits
To watch today's video blog, please click on the link below: https://youtu.be/iow5RDn94lQ Elliot S. Schlissel and his associates have been representing clients for more than 45 years in all aspects of estate planning. Elliot and his associates draft wills and trusts, represent clients in guardianship proceedings, and estate litigation. … [Read more...]
Reclusive Heiress’ Estate Settled
Huguette Clark died in 2011. At the time of her death, she had more than $300,000,000 in assets. There has recently been a tentative settlement agreement worked out between a variety of parties litigating over the late Huguette Clark’s $300,000,000 estate. Her Life Story Ms. Clark was born in 1906. She died at the age of 104. She had been … [Read more...]
Retirement for Seniors is Growing Out of Reach
In earlier generations, retirement was looked at by Americans as their golden years. This may no longer be the case for seniors. It is estimated close to half of all Americans facing retirement age are economically insecure. More than a quarter of all individuals facing retirement have less than $1,000 in savings. The average senior citizen has to … [Read more...]
Elder Law Estate Plan: What is an elder law estate plan and what are its components?
A Trust Most elder law estate plans are composed of either an Irrevocable Medicaid Asset Protection Trust (MAPT) or a Revocable Living Trust (RLT). The MAPT is utilized where protection of assets is required because the senior does not have long term care insurance. Assets need to be protected in the event the senior needs to go into a nursing … [Read more...]
Doctor Assisted Suicide
Attorneys for a group of terminally ill individuals have taken legal action to prevent prosecution of physicians who provide assistance in dying to terminally ill, mentally competent individuals. The attorneys have sued 5 district attorneys and the attorney general for the State of New York to stop them from prosecution of physicians who provide … [Read more...]
Alzheimer’s Disease: A Horror Faced by Some Seniors
Are you becoming forgetful? Are you having what is commonly referred to as senior moments? Are you wondering are these the first stages of Alzheimer’s disease? Although memory problems can be a sign of the onset of Alzheimer’s disease, that is not always the case. There are other symptoms to the onset of early Alzheimer’s disease. What is … [Read more...]