Does a Special Needs Trust require a Medicaid Payback?

DAVIDOWLAW Blog Post

Dear Clients and Friends: The world of Special Needs Trusts (SNTs) can be very confusing, as this question certainly points out. CLIENT QUESTION: Greetings. In your description of an SNT (in your last LISTEN TO LAWRENCE LETTER), you state that it doesn’t require a Medicaid payback and I’m wondering why that …

The Listen to Lawrence Letter: Long Term Care Insurance Premiums

DAVIDOWLAW Blog Post

Dear Clients and Friends: Having Long term Care insurance is a good idea until you can’t afford it. Read my client’s letter to me and my response. CLIENT QUESTION: Hello Lawrence, We enjoy your Listen To Lawrence email letters. We received a Genworth Long Term Care 69% Premium increase announcement. Keeping our …

The Listen to Lawrence Letter: 2022 Medicaid Regional Rates

DAVIDOWLAW Blog Post

Dear Clients and Friends: Every year Medicaid releases new numbers representing the average cost of a nursing home by region which are used to calculate eligibility after assessing penalty periods for any gifts or transfers that were made. Here are the New York State numbers for 2022:   To provide …