Tag Archives: seniors

Reverse Mortgage Basics – A Framework for Analysis

by Bryan Lane Berson, Esq.  A. The Difference between Reverse and Forward Mortgages A reverse mortgage is a loan secured by your home. It is a source of funds for homeowners who are 62 or older and who meet certain conditions. Under the terms of a typical reverse mortgage, a borrower’s debt increases and equity […]

Elder Law and Medicaid Planning for Nursing Care in NY

by Bryan Lane Berson, Esq. A. Introduction An estate plan implements documents to administer and transfer property and delegate decision-making authority. In other columns, I discussed trusts, wills, powers of attorney, health care proxies, and living wills. Elder law and Medicaid planning are a special form of estate planning. In New York, 58 separate districts […]