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New Retirement Plan Laws: What You Need to Know
In late December, the SECURE 2.0 Act was signed into law which continues the overhaul of the nation’s retirement system that began in 2019. There are several notable provisions which may affect you. Here are some of the highlights that you need to know: Increase in Age for Required Minimum Distribution Beginning in 2023, you […]
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Top 5 Tips for Maintaining Your Independence
February is Senior Independence Month. We all want to remain independent, stay in our homes, and age in place as long as possible. Here are some tips to help older adults maintain their independence: Stay Physically Active Studies show that even a little exercise, such as a 20-minute walk, has valuable and long-lasting health benefits. […]
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The King’s Daughter’s Codicil
We often hear stories of celebrities with millions of dollars passing away without a Will, like Michael Jackson, Pablo Picasso, Prince, Aretha Franklin, and Aaron Carter, to name a few. Elder law and estate planning attorneys shake their heads and wonder how this could possibly happen and the devastation this may wreak on the surviving […]
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Do I Need a Trust?
As you plan for your future healthcare needs, what steps should you take to protect your assets? Should you set up a trust? If so, how do you know what kind of trust is right for you? Types of Trusts There are many different kinds of trusts, each of which serves a different purpose. Some […]
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Legal Alert: The Continuous Coverage Requirement for NYS Medicaid Program Has Ended
In December 2022, the Consolidated Appropriations Act (CAA) unlinked the Medicaid continuous coverage requirement from the public health emergency for the first time since March 2020. As a result of this change in the law, each state will be permitted to begin redetermining Medicaid eligibility as of February 1, 2023. According to the NYC Human Resources […]
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Senior Dreams Come True Grants First Wish of 2023
Linda D., an East End senior, found herself in a difficult situation when her refrigerator stopped working. After recently losing her husband to a years-long battle with cancer, the inconvenience of a broken freezer filled with spoiled defrosted food was intolerable. Cona Elder Law partnered with the Family Service League to “Adopt a Senior” as […]
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Legal Alert: New Law Means All Medicaid Recipients Must Recertify Beginning in April 2023
Since the onset of the Public Health Emergency created by the COVID-19 pandemic, federal law has required each state to maintain Medicaid eligibility for its Medicaid recipients in exchange for receiving billions of dollars in Medicaid funding, commonly referred to as the continuous coverage requirement. Under the Families First Coronavirus Response Act (FFCRA), Medicaid recipients […]
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Start the New Year by Getting Your Ducks in a Row
Every competent adult should execute a Last Will and Testament. This legal document determines how your estate will be distributed upon your death. It keeps decision-making in your hands, where it belongs, allowing you to dispose of your assets to whom and in whatever manner you see fit. What Happens If You Die Without a […]
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Estate Planning: Gifting to Heirs
As the holiday season is upon us and the tax year is coming to a close, it is a good time to consider making tax-advantaged gifts to your loved ones and heirs. There are many ways to do this, which can fit any budget, tax purpose and family need. Annual Exclusion Gifts In 2023, you […]
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How To Protect Your Parent’s Assets From Nursing Home Costs
Asset protection– It’s something that many people don’t think about until it’s too late. When a parent or loved one enters a nursing home, the cost of care can quickly eat away at their life savings. In order to protect your parent’s assets from nursing home costs, there are a few things you can do. […]
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