White Plains Long-Term Care Planning Law Blog
Major Changes to Statutory Short Form Power of Attorney Enacted by New York
Effective for all Powers of Attorney signed on or after June 13, 2021 the Statutory Short Form Power of Attorney (POA) has been revised to make it a much simpler form to be signed, especially by those that have physical infirmities. The most significant changes are as...
New 2021 Medicaid Rates
New York State has announced the 2021 income and resource levels for Medicaid eligibility (GIS 20 MA/13). As the Medicaid program is a “means tested” program, the first step in determining eligibility is looking to the applicant’s income and assets/resources. The new...
Estate planning after forming a new business
If you have recently started a new business, you need to consider planning for what will happen to your role in the company in the event of your sudden incapacity or death. During the early days of a new business venture, estate planning may not seem like an urgent...
Should I include a letter along with my will?
Writing a will may seem like a good bet to help your estate pass through probate without major delays. Still, some families experience a lengthy period of probate because siblings fight over the will in court. To help avoid this problem, you may want to do more than...
New parents need a will
As a new parent, you prepared for the arrival of your child in many practical ways, such as buying diapers and opening a college fund. Now, prepare a will. You may not feel ready to think about estate planning at such a young age. Yet for new parents, thinking of the...
Should you become guardian of an incapacitated loved one?
If you have a loved one who has become incapacitated due to an accident or medical event or condition, you may be wondering who will take care of that person's decision-making going forward. According to New York law, anyone over 18 years old who is a legal U.S....
Understanding intestate succession
People in New York often hear estate planning experts espouse the wisdom in ensuring that they create a will early on in their adult lives (and then continuously update that document as major life events occur). Yet all too often that advice goes unheeded. Indeed,...
Do not believe these 3 myths about long-term care planning
Long-term care is a collection of services that helps individuals meet their health and personal care needs. While this type of care often includes nursing homes, it may also involve in-home care or other health-related services. Unfortunately, there are many...
What are good traits of an estate executor?
As a resident of New York, you spend your lifetime accruing assets for your estate. You want your beneficiaries to enjoy this after your death. How do you ensure the transfer is a seamless one? You must pick a good executor. Your executor will handle all matters of...
What is a simple will?
Many Americans are under the impression that estate planning is something that happens later in life, once an individual has many assets. However, life is unpredictable and everybody should have an estate plan in place, even if it is a simple one. In fact, this is the...
