Welcome to Rheinhardt & Bray
A CNY Elder Law & Estate Planning Firm
Protect Your Legacy For Those You Love
Elder and Estate Planning allows you to prepare for your future and the future of your loved ones with regard to health, financial well-being, and living environment. Elder law is a specialized section of the law that allows you to dictate how your care, assets, and living situation will be handled if you become ill or unable to make decisions for yourself.
It’s as simple as that. We are dedicated to serving the needs of our clients with honesty, integrity, and results. Elder Law may be a complex and ever-changing topic of law, but our commitment to our clients is clear. Here at Rheinhardt and Bray, we are dedicated to making your experience as easy as possible. Our team will make sure we provide you with the best care and professionalism possible. When it comes to Elder Law, our attorneys, Jeff and Chris, are highly knowledgeable and reliable. Give us a call today to find out what we can do to help you.
Elder Law & Estate Planning allows you to prepare for your future and the future of your loved ones with regard to health, financial well-being, and living environment.
A living usually refers to a “revokable trust”. The primary purpose of a revokable trust is to avoid probate.
A revokable true is generally for people who have no close family or who own real property outside of New York State.
Yes. When you create a trust you must then transfer assets to the trustee. You may forget or not get around to transferring all of your assets and if you pass away, a will would be used in probate. The will would stipulate that all assets should pass through the trust (This is called a Pour-Over Will). If you do not have a will, then the laws of New York will dictate who inherits your remaining assets.
- Distributing the assets per terms of the Will
- Settling any debts of the estate
- Filing State and Federal estate tax returns, if necessary
The one-year deadline for nursing home residents on Medicaid to spend down their first round of stimulus checks is here, but they may have a little extra time.
Can My Mom Take Out a Home Equity Loan on a House in Her Name Without Affecting My Dad’s Medicaid Benefits?
My dad is in a nursing home and qualified for Medicaid nearly three years ago. My mom still lives in their home in Pennsylvania. The deed was transferred into her name alone during Medicaid’s “spend down” period. She was planning to take out a home equity loan, but she has been told it might jeopardize my dad’s Medicaid eligibility. Is this true?