Last year federal legislation was passed affecting elder care issues. In particular, the new law eliminated a floundering attempt to create a national long-term care insurance program. At the same time, the law also called for the creation of a commission to study issues of senior care financing, delivery, and…
This week our New York elder law attorney, Bonnie Kraham, Esq., published yet another article in the Times Herald-Record in order to help spread information about elder law and estate planning issues. Many area residents understand the need to conduct this future planning, but they are not exactly sure what…
by Michael Ettinger, Esq. Long-term care insurance (LTCI) and the Medicaid Asset Protection Trust (MAPT) are often thought of an alternatives to each other. They are not. While LTCI is both a shield and a sword, the MAPT is a shield only. LTCI protects your assets and income from the…
by Michael Ettinger, Attorney at Law The Medicaid Asset Protection Trust (MAPT) is a technique commonly used by elder law attorneys. It consists of an irrevocable trust, usually set up by a parent of parents sixty-five and older. One or more of the adult children are named as “trustees” to…