Best Estate Planning Attorneys in New York, NY

Staying in your home is definitely an option as you get older and is almost always less expensive than living in a nursing home or assisted living facility. It can be a good option if you have family members or friends that can come to your needs when necessary and even get paid for it under Consumer Directed Personal Assistance Program (CDPAP).

Medicaid is a joint Federal and State healthcare program that provides medical and nursing home care as well as home care aides for low income individuals.

Of course. Congress has deliberately passed legislation within Medicaid law to allow many members of the middle class to qualify for Medicaid who otherwise would not have been eligible. At the end of the day, people engage in tax planning to minimize their tax liability, planning to become eligible for Medicaid to reduce the often inflated costs of nursing homes is no different.

One option is to include a healthcare proxy in your estate plan, which allows you to appoint a trusted individual to make decisions for you regarding your healthcare.

In the State of New York, there is no legal benchmark for someone to be considered an elderly person, but elder law usually involves people over the age of 60 years old.