Medicaid, Life Estates, Tax Planning & Trusts
Do You Qualify For Medicaid in New York?
It's the question everyone these days seems to be asking themselves: "Do I meet the qualifications to receive Medicaid?". After the repeal of Obamacare this will be a question even more people ask. Financial times are tough and everyone wants free or subsidized health insurance. There is officially a new trend to try to attain government subsidized insurance. Roman Aminov has written extensively on this topic. Inheritance and estate law literally go hand in hand with medicaid compliance. For example, many people think that if they make their children living trusts for their assets and property they will automatically be eligible for medicaid. This may or may not be true and is contingent on many different aspects of the law and the estate. We invite you to join the tens of thousands of people who have chosen to learn about medicaid eligibility from the publications of Roman Aminov. View Roman's article on medicaid qualification law in NY now. Don't forget that you can reach out to Roman now and schedule your very own sit-down medicaid planning consultation at his Queens or Manhattan office.
Inheritance & Death Taxes After Death in NY
Life Estate Deeds For Medicaid Planning
There is a recent trend that has became almost as popular as fidget spinners. To put it in simple terms, this fad involves putting your assets on someones name to make yourself eligible for medicaid allowing you to maintaini certain benefits and connections to the assets as long as you're alive. Find out now from Roman Aminov if this "trick" to receiving medicaid through a life estate deed actually works. Is this actually legal? Does it really work? What are the risks involved? Have no fear as Roman Aminov, the most intellectual estate attorney in New York will answer all your questions if you just click on the aforementioned link.
NY Living Trusts: Love Your Family? Do It Right
It may feel uncomfortable listening to me preach about actions related to your estate that may be hurting your family, however you have a right to know. So here it is: When someone passes away all their assets will only be passed to their heirs after a tedious probate process at the surrogate court. Did you know that you can completely bypass this step and get the money right into your loved ones hands? That's right, all you need to do is set up & fund a living trust for your estate and your heirs will inherit you easily and quickly. If you are asking what's in it for you? Well, you will be able to receive a lot more benefits from Uncle Same since having your funds in a living trust will mean that you have no access to the money. If you really do not think you will need most of your assets during your lifetime this is surely the best bet.
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