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Blog 2017-09-11T18:23:18+00:00
2201, 2017

The ABLE Act – A Positive Step to Securing a Disabled Person’s Future

An ABLE Act account can be an important part of your estate and special needs plan, including special needs trusts. One of the articulated purposes of the ABLE Act is “to provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, [...]

301, 2017

Military Benefits and Your Special Needs Child

Estate planning for families with a special needs family member – someone who is physically or mentally disabled or intellectually limited – is critical because many assistance programs are facing cuts or benefits cut-backs. The easiest form of planning is to create either a testamentary (inherited) special needs trust (SNT) [...]

2012, 2016

ABLE Act Accounts Can Be Created Outside NY State

At the beginning of 2016, the Stephen Beck, Jr. ABLE Act of 2014 (known as the “ABLE Act”) became law. The remarkable aspect of this law is that some, but not all, of the rules regarding resource limits under SSI ($2,000) and Medicaid are now modified as a result of this federal legislation. [...]

2405, 2016

Elder Care Update – Can Nursing Home Care Be Avoided or Delayed?

New York State Medicaid administers a comprehensive community home care program called Managed Long Term Care (MLTC) on Long Island, and New York City and its boroughs. Long Island is well served by MLTC programs, but there are issues you need to be aware of – that I will discuss in [...]