Fifty-six percent of people in the United States admit to not having a will, and the results of a 2016 Gallup survey indicate that a majority of Americans have failed to designate how their estate should be allocated after their death. New York residents should be...
Proposed legislation could affect Medicaid eligibility
by McMahon Law Firm, Attorneys and Counselors at Law | Feb 17, 2017 | Medicaid Planning
Many elderly New Yorkers reside in nursing homes, and many of those who do rely on Medicaid to cover all or a portion of the costs. The Medicaid program is funded by both the federal and state government, and there are strict financial tests in place that determine...
Assessing the safety and security of an assisted living facility
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 17, 2017 | Care Planning
By law, assisted living facilities must provide residents with the highest feasible level of care in terms of physical, mental and social well-being. If the facility receives federal funds, it must meet certain standards as set forth in the Nursing Home Reform Act of...
How to leave assets to minor or adult children
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 6, 2017 | Estate Planning
New York parents may have a desire to leave money or other assets to their children either while still alive or after their deaths. However, there may be a right way to do so. For instance, it may not be a good idea to name a minor child as the beneficiary to an...
Planning eases transition to managing an elder’s affairs
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 1, 2017 | Care Planning
Many New York families eventually need to address the care of an aging relative. Caretakers can reduce stress and legal roadblocks by preparing the legal framework to transition responsibilities before the need arises. Proper documentation can express the elder's...
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