There is a lot to think about if you are interested in qualifying for Medicaid as a way to pay for long-term care. If you are a married person who needs long-term care you are obviously going to be concerned about the well-being of your spouse. The Medicaid program does allow the healthy or community spouse to retain ownership of half of community property up to a certain limit. In 2013 this limit is $115,920. Topics covered in this report include: Asset Limits Age Requirements …
Do You Need a Long Island Medicaid Attorney if You Have Medicare?
A Long Island Medicaid attorney can provide you with assistance, even if you have Medicare coverage already. Medicare and Medicaid are different and Medicaid may provide broader coverage for things which you cannot get Medicare to pay for. You need to understand the types of coverage which Medicaid can offer and must take steps to ensure you can qualify for Medicaid if you need this coverage. Eghrari Law Firm provides assistance to those who need a Long Island Medicaid attorney. If you want …
Are New York Estate Taxes Different from Federal Taxes?
New York estate taxes are separate from, and different from, federal estate taxes. It is possible you will have to pay New York estate taxes when federal estate tax payments are not required. If you or someone you love owns property or assets within the state of New York, you need to know the rules for how your estate will be taxed after your death. Eghrari Law Firm provides comprehensive assistance with all estate tax matters. We can help you to understand when and how New York estate taxes …
How Can You Take Advantage of Living Trust Benefits?
There are many different living trust benefits which you may wish to take advantage of. However, you need to know what a living trust can do for you. You also need to know how to follow all formal requirements within the state of New York for creating and funding a living trust. Eghrari Law Firm can provide you with help getting all of the living trust benefits that you need. Our Suffolk County trust lawyers can help you to determine what kind of trusts are right for you and will explain why …
Why is New York Medicaid Eligibility Important to You?
New York Medicaid eligibility rules impose strict limitations on who can qualify for Medicaid coverage. Unfortunately, for those who do not qualify, the financial consequences can be severe. If you require costly medical care or if you need nursing home care, you could end up spending a lot of your personal wealth if you don't qualify for Medicaid. This can be an especially big problem for seniors who have often worked hard to acquire savings and who end up needing nursing home care and having …
Five Surprising Things a Long Island Estate Planning Attorney Can Help With
Many people think of a Long Island estate planning attorney as someone who helps them to create a will. Although this is one key task that an attorney does, it is far from the only task an estate planning lawyer can help with. In fact, there are a lot of things which an estate planning attorney can do that may surprise you. If you want to find out all of the different ways in which a Long Island estate planning attorney can assist you in protecting yourself, protecting your family, and …
Free Report: How Large of an Estate Can a New York Citizen Pass Federal Estate Tax Free?
The estate tax may or may not be fair, but it is a reality that you must address when you are planning your estate as a high net worth individual. If you are married there are some details that you should be aware of as you plan ahead with tax efficiency in the forefront of your thinking. Each person in a marriage has his or her own estate tax exclusion. As a result, there is a total $10.5 million exclusion for a married couple in 2013. Plus, the estate tax exclusion has been portable since the …
Free Report: Long-Term Care Are You Getting Prepared
The MetLife Mature Market Institute conducts a survey every year that examines long-term care costs around the country. They provide national averages, and they also drill down further to provide the average costs within specific states and metropolitan areas. In 2012 the national average charge for a single day in a private room in a nursing home in the United States was $248. If you get out your calculator and multiply this by the number of days in a year you come up with an annual expense of …
When Should You Start Planning a Will?
The process of planning a will is not necessarily something anyone likes to think about. No one wants to imagine what will happen after they are gone, or at the end of their life. Still, no matter how old you are, it is responsible to plan ahead in case something happens to you. This means making a last will and testament. Eghrari Law Firm can help. Our Suffolk County estate planning firm offers comprehensive assistance with making a will. We not only help you to ensure your will is …
Top Causes of Disputes in Estate Litigation
Estate litigation is commonly in the news, because there are so often disputes over celebrities estates. From AOL's summary of the 10 Most Infamous Inheritance Feuds to People Magazine's article on the litigation surrounding Robin William's estate, there are no shortage of examples of celebrity families fighting over property, assets, and legacies. The reality, however, is disputes over estates do not just happen to famous people or to the fabulously wealthy. Any time someone passes away, …
Reasons to Talk to Trust Lawyers Before Creating a Trust
If you are creating a plan for the future which includes trusts, you ned to talk with trust lawyers. Trusts are a very powerful tool to protect your assets. Trusts can be useful to provide protection both during your life and after you are gone. However, you need to make sure you understand how different types of trusts work and what the benefits are of creating different kinds of trusts. Eghrari Law Firm can help. Our Suffolk County trust lawyers are dedicated to providing you with the very …
Free Report: McNair & Morrison: A Tale of Two Estates
In a tragic murder-suicide NFL quarterback Steve McNair was killed by his girlfriend in 2009. He was married at the time, and he was the father of four children. His wife Mechelle was the mother of two of the children, and the two other children were conceived with different women before he was married. His NFL contracts over the course of his career paid him over $75 million. And of course as a high-profile professional athlete you can make additional money through commercial endorsements and …
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