Focusing on Elder Law, Trusts and Estates, Estate Planning, Medicaid Planning, and Guardianships, Salvatore M. Di Costanzo is an attorney and accountant with offices in Yorktown Heights, New York and Rye, New York.  Complete information and resources can be found on the Plan Today for Tomorrow website by clicking here.

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Don't Believe Anything You Hear - Elder Law Misconceptions

On June 15th at 1:30, Mr. Di Costanzo will be speaking at Five Star Premier Residences of Yonkers on Wills, Revocable Trusts and Powers of Attorney.  This event is open to the public.

June is Men's Health Month.  Take some time to take care of yourself.

Please visit our website at www.plantodayfortomorrow.com.  If you are one of our exisitng clients, we invite you to write a testimonial. 


Would an Interest-Only Loan Count as a Gift for Medicaid Eligibility Purposes?

I am 66 years old and I live in Florida. I am considering loaning my niece, who is also one of my beneficiaries, $30,000. I would prefer to gift her this amount (using the $28,000 husband/wife gift tax exclusion), but I am worried about Medicaid's look-back period of five years. If I set this loan up as an interest-only loan and stipulate that the loan is forgiven upon my death, would this count as a gift for Medicaid purposes?

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Four Social Security Myths Debunked

There are a lot of misconceptions surrounding the Social Security system. Here are four common myths and the truth about how Social Security works and its future prospects.

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Beware: Your Estate May Contain an Unnecessary Bypass Trust

A once-popular estate planning tool may now cost families more in taxes than it saves. Changes in the estate tax have made the "bypass trust" a less appealing option for many families.

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Can a Medicaid Applicant Pay Off a Jointly Held Mortgage As a Spend Down?

I purchased a home with my father. We both live in the home and are both on the mortgage. Is my father allowed to pay off the mortgage as a way to spend down his assets to the point that he can qualify for Medicaid’s long-term care coverage?

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Nursing Home Care Costs Are Only Slightly Higher in 2016

The median cost of a private nursing home room in the United States has increased slightly to $92,378 a year, up 1.24 percent from 2015, according to Genworth's 2016 Cost of Care survey, which the insurer conducts annually.

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Southern Westchester Office (Monday, Wednesday, Friday):

350 Theodore Fremd Avenue, Rye, New York 10580
T: (914) 925-1010; F: (914) 925-1011

Northern Westchester Office (Tuesday, Thursday):

2074 Crompond Road, Yorktown Heights, New York 10598
T: (914) 245-2440; F: (914) 245-7403