At Somekh & Associates, our goal is to help our clients feel prepared for what lies ahead. In the spirit of preparation, we’ve put together a list of nursing homes and long-term care facilities in NYC for families seeking high-quality care for their loved ones. The following facilities are all located in the NYC area […]
Planning for long-term care during a recession can be incredibly overwhelming, and continuing to pay for long-term care during a recession can be even more intimidating. If you or a loved one is thinking about purchasing long-term care insurance during this time of looming recession, it’s important to know how the next few months or […]
Whether you’re planning to retire before the end of the year or you’re worried about how the looming recession might affect your retirement in the coming year, don’t panic. While you don’t necessarily have to worry about being laid off, there might be some concerning moments regarding your involvement in the stock market. Even though […]
What is the NHTD Program? The Nursing Home Transition and Diversion (NHTD) Medicaid Waivered is a Home and Community-Based Services program that uses Medicaid funding to support and assist individuals with disabilities as well as seniors to promote community inclusion. When informal supports locally funded services, and Medicaid State Plan services do not meet a […]
The past couple of years have shown us many challenges, and now a new one seems to be on the horizon; a recession. A lot of people are now at crossroads asking themselves, “Do I plan for a potential recession or wait to see what happens.” So, is there a reason to panic? At Somekh […]
Preparing your will with the help of an experienced and knowledgeable attorney can help prolong your and your family’s legacy and finances. While some individuals think they are too young or too financially baren to begin preparing a will, it’s important that you know the benefits of creating your will, no matter your personal or […]
Over the last two years, the state of New York has made several changes to the Medicaid home care program. If you’re trying to establish a plan or find care for a loved one, these changes have probably made an already stressful situation all the more chaotic. One of the changes that have been made […]
In New York, nursing home Medicaid has a 5-year lookback period. That means if an individual goes into a nursing home (or rehab) and applies for Medicaid to cover the bill, Medicaid will look back at the individual’s records for the past 5 years to see if any gifts – or transfers – were made to […]
Probate can be a complicated, expensive, and time-consuming process. It is the last thing you would want to think about after the death of a loved one. Therefore, it is essential to understand it and how you can prevent beneficiaries from going through the process. What is Probate? Probate is a legal process that involves […]
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