At Fern Finkel & Associates, PLLC, Fern J. Finkel brings decades of experience in elder law, estate planning and special needs planning and advocacy to our clients.
The amendment, which will go into effect on June 13, 2021, will change the existing rules in an attempt to simplify the form, which had become unwieldy and confusing to attorneys, banks and agents alike.
New York State Budget enacted by Governor Cuomo on April 3, 2020 will have a severe impact on Medicaid eligibility rules and requirements. Significantly, the implementation of the rules has been pushed forward from its prior designated start date of October 1, 2020 to April 1, 2021.
New York State Budget enacted by Governor Cuomo on April 3, 2020 will have a severe impact on Medicaid eligibility rules and requirements. Significantly, the implementation of the rules has been pushed forward from its prior designated start date of October 1, 2020 to April 1, 2021.
Given the Secure Act provisions, the Internal Revenue Service has suspended the Required Minimum Distributions on qualified retirement accounts for 2020. However, Medicaid in New York State exempts qualified retirement accounts in payout status from their eligibility determination.
As many of you are aware, the 2020-2021 (Fiscal Year 2021) New York State Budget enacted by Governor Cuomo on April 3, 2020 will have a severe impact on Medicaid eligibility rules and requirements.
Medicaid Changes Appear to be Scheduled to Take Effect on April 1, 2021: For New York State to maintain eligibility for federal relief under the March 18, 2020 “Families First Coronavirus Response Act”, which may provide more than $6 billion in additional federal health care funds to New York, the current New York Medicaid eligibility standards and procedures must not be made more restrictive than those in effect on January 1, 2020.
The 2020-2021 (Fiscal Year 2021) New York State Budget was enacted by Governor Cuomo on April 3, 2020, with a severe impact on Medicaid eligibility rules and requirements. Some of the most significant changes that may affect you or your loved ones.
On April 7, 2020, Governor Cuomo issued Executive Order 202.14, authorizing virtual witnessing of documents in New York State. The Governor’s Executive Order 202.07, issued March 19, 2020, had previously authorized virtual notarization. Together, these two Executive Orders provide planning opportunities we can navigate together while social distancing protocols remain in place.
Our office has implemented the policies mandated by the Governor’s March 18, 2020 Executive Order 202.6, requiring all attorneys and staff to work remotely.
We truly hope this letter finds you and your families well and healthy. We are writing to you at this time to provide some good planning tips and recommendations regarding your Advance Directives.
The Setting Every Community Up for Retirement Enhancement Act, known as the “SECURE ACT”, was signed into Federal Law on December 20, 2019. This law includes significant reforms you should be aware of that impact how retirement accounts are treated.
When dating your documents and signing your checks this year, do not use “20” as the year. Instead, write out the full four digits: “2020”.
