Our law firm represents estate planning clients in Pennsylvania and New Jersey. During our conversations with these families, we often must answer questions about Medicare, Medicaid, and long-term care options. These families, in addition to caring for a sick loved one, are also concerned about spouses who don’t require care but must live independently. Here […]
Our law firm is pleased to present this 30 minute Webinar on Medicare, Long Term Care, Medicaid, & Planning. Below are Slide Show notes from the live presentation Understanding Medicare, Long Term Care, Medicaid,& Planning Strategies Presented by Alfonso Gambone, Esq. YOURESTATEANDPROBATELAWYER.COM ALFONSO@GAMBONELAW.COM Seminar Agenda Medicare and its Limitations Long Term Care Medicaid Available Assets […]
Clients often ask for my general thoughts and principles regarding estate planning. Over the years of representing families in Pennsylvania and New Jersey, I’ve tried to confine my answer to 3 principles. The purpose of estate planning is to at least minimize, if not eliminate, confusion for your survivors. There are some who believe […]
Pennsylvania and New Jersey Departments of Health have published practitioner or physician orders for life sustaining treatment (POLST) forms which allow patients more control over their end-of-life care. The POLST form specifies the types of medical treatment that a patient wishes to receive toward the end of life. These medical orders are signed by the […]
Medicaid is a state and federal funded program which provides nursing home (institutional) as well as home and community-based services. It is a low-income program which has very specific asset and income requirements limits for eligibility. In Pennsylvania, Medicaid long term care eligibility for seniors is based on the following chart: For those who do […]
Pennsylvania, like most states, including New Jersey, maintains a Medicaid Program which is a jointly funded state and federal health care program for low-income individuals of all ages, but specifically Pennsylvania residents aged 65 and over who require long term care in either a nursing home, an assisted living center, or at home. The Type […]
Estate Planning for Pets In 2020, Americans spent over $100 billon on their pets’ health. Estate planning, however, for these animals is often forgotten or ridiculed as a waste of time and money. While there are laws against animal cruelty, pets are still considered property in Pennsylvania. You can leave your faithful companion to a […]
What is a Life Estate? A life estate is an interest in real property which lasts only for the duration of a specified person’s life, usually the possessor, who is otherwise known as the “life tenant”. The life tenant normally maintains the absolute and exclusive right to use the property during his or her lifetime. […]
Many of our estate planning clients ask if simply transferring assets prior to death is a proper strategy to avoid paying inheritance taxes and the answer is—it depends. In Pennsylvania, transferring an asset within one (1) year of death won’t decrease the amount of inheritance tax owed on it. The Commonwealth assumes that you made […]
Our estate planning law firm with offices in Philadelphia, Montgomery and Delaware County often explain to families the probate process. During probate your executor or administrator will gather all of your assets, pay any debts, taxes, and distribute the remaining assets to your survivors. Only probate assets are included in your estate. There is, however, […]