Articles for Attorneys
Some recent Medicaid Developments in New York State
September 6th, 2013 by David Goldfarb
The Deficit Reduction Act of 2005 (S 1932) enacted Feb. 8, 2006, creates major changes in the Medicaid Transfer of Asset rules: (1) creates a five year look back; (2) calculates a penalty or waiting period from when a person is receiving institutional care and would be otherwise eligible; (3) creates limits on home equity; and (4) requires […]
Why Gifting Now Can Dramatically Reduce or Eliminate NYS Estate Taxes
September 6th, 2013 by David Goldfarb
As discussed in The Estate Tax is Back, but with some Twists – And Opportunities, the increase in the exemption for Federal Estate and Gift Tax for $5 million per person (and $10 million for a husband and wife) for 2011 and 2012, presents people with a unique opportunity to make sizeable gifts to children while […]
Medicaid Buy-In for Working Disabled Individuals in New York State
April 18th, 2004 by David Goldfarb
Medicaid coverage was expanded as of July 1, 2003, to working disabled individuals with incomes up to 250 percent of the Federal Poverty Level. Congress enacted the Medicaid Buy-In option for states in the Balanced Budget Act of 1997 (§ 4733) and enhanced the option in the Ticket to Work and Work Incentive Improvement Act […]
