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Medicaid Recertification: Why Legal Guidance Matters
Having an experienced elder law attorney overseeing the Medicaid application and recertification processes can better one鈥檚 chance of achieving and maintaining Medicaid eligibility.聽
As an Elder Law attorney, many clients consult with me with regard to trust planning to protect assets from the cost of long term care. However, many clients do not realize trusts can also be used to protect assets for your children.
For every IRA you should complete a beneficiary designation form. Keep a copy of the form(s) among your important papers. Do not rely on the financial institution to keep copies.
Individuals who have received benefits under the New York State Medicaid program are subject to estate recovery for all assets passing through their probate estate.聽This is a minimum requirement under Federal Law.
The fact that your aunt has a diagnosis of Alzheimer鈥檚 disease, does not necessarily mean that she cannot execute a power of attorney. While it may seem like a decision to be made by her doctor, it is actually the lawyer who will determine if she or he feels your aunt has capacity.
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Partner Britt Burner, Esq. explains how often to review your estate planning documents and the life changes that may prompt a review.
