Landskind & Ricaforte Law Group, P.C. was recently featured on the Unlocking Senior Resources podcast by Leave the Key, hosted by Larry Wagner. In this episode, Renata Landskind and Terence Ricaforte discuss why Medicaid planning isn’t just for people in financial distress — and how proactive planning can help New York families protect their home, savings, and long-term care options.
Key Takeaways
In the episode, the discussion focuses on how long-term care costs can quietly erode a lifetime of savings — and why waiting for a crisis is often the most expensive mistake families make. The attorneys share practical insights for New York homeowners and retirees who want to preserve options, protect assets, and reduce stress for their children.
1) Medicaid planning is “life planning,” not just crisis planning
The conversation emphasizes that planning is often most effective before a medical event forces rushed decisions.
2) The “mass affluent” can be the most vulnerable
Families with a home plus retirement savings can find themselves in a tough middle ground — not “wealthy enough” to ignore long-term care costs, but not positioned to absorb them without a plan.
3) The 5-year look-back period makes early planning valuable
A major theme: waiting too long can limit options. Starting early can keep more strategies available if care is needed later.
4) A strong Power of Attorney can be a game-changer
Renata and Terence explain why a properly drafted, elder-law-focused Power of Attorney can allow critical planning steps if illness or incapacity happens unexpectedly.
5) Planning helps reduce stress for adult children, too
They also speak to the “sandwich generation” reality: planning can reduce chaos and protect family members from scrambling during a crisis.
Free Guides Mentioned
To help families better understand their options, the following free educational guides were referenced during the discussion:
- Estate and Medicaid Planning in New York: What Everyone Needs to Know
- Probate and Administration of New York Estates: A Guide for Executors and Heirs
Continue the Conversation
Thanks again to Larry Wagner and the team at Leave the Key for hosting this important discussion and spotlighting resources that support seniors and their families.
If you’re thinking about long-term care planning, protecting your home, or understanding Medicaid options in New York, our team is here to help. Call (718) 333-5007 or contact us online to schedule a consultation.