The Tyra Law Firm, LLC

Helping our neighbors plan for their family’s future and avoid painful issues.

  • The Tyra Law Firm, LLC
  • Neil W. Tyra, Esq.
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    • Estate Planning
      • Power of Attorney
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Estate Planning for Newlyweds

December 5, 2019
Neil Tyra

‘Tis the season! Yes, the season for holiday cheer. But it’s also engagement season! As the planning begins for your big day in the new year, remember to include estate planning on your list. From the moment you “kiss the bride (or groom),” break the glass, or bind your hands together, your relationship with your partner is going to take on a new financial and legal meaning. Before you take the step into this new Read More

Filed Under: Trusts & Estates, Wills, Long Term Health Care Insurance

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Maryland Elder Law: Understanding the Difference Between Medicare and Medicaid

September 20, 2018
Neil Tyra

The issue of healthcare has been a thorn in the back of American taxpayers for a long time. The United States spends a staggering $10,348 per person on healthcare, amounting to about 18% of its GDP. This is far more than any other country on the planet. In fact, it is 8 percentage points clear of the average of the industrialized members of the Organization for Economic Co-Operation and Development. The good news Read More

Filed Under: Elder Law, Long Term Health Care Insurance, Medicaid

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Why Do I Need a HIPAA Authorization?

August 22, 2016
NWT Owner/Admin

Rockville injury lawyer

The Health Insurance Portability and Accountability Act of 1996 (HIPAA), was enacted by the US Congress to help workers get insurance coverage and prevent discrimination. A key protection in HIPAA is the Privacy Rule which aims to keep your medical records as private as possible so that only you, your treating physicians, and the insurance companies that pay for your medical treatments know what is in the records. Read More

Filed Under: Insurance, Long Term Health Care Insurance

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Long Term Health Care – the Costs Just Might Kill You!

June 5, 2015
NWT Owner/Admin

woman smiling and holding an old woman in bed

You simply can not afford to grow old in Maryland - not with what it costs for long term health care i.e. assisted living or nursing home care. That is unless you do a heck of a lot of financial planning now, hit the lottery, or work until you die. One is not desirable, one is not likely, and one seems difficult. But you have to do it because nobody else is and the crisis is getting worse. Every year Genworth Read More

Filed Under: Estate Planning, Elder Law, Long Term Health Care Insurance, Medicaid

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Estate Planning Checklist – How to Know If You Need It

April 22, 2015
NWT Owner/Admin

estate planning

How do you know if you need to do estate planning? The easy answer is just about everyone needs to do some form of planning. Fellow ElderCounsel member Nicole Wipp recently developed a brilliant checklist for determining if you need estate planning. With her permission, here are eighteen estate planning checklist questions to help you learn whether you need estate planning.  (These cover the most common Read More

Filed Under: Trusts & Estates, Wills, Long Term Health Care Insurance, Medicaid, Estate Planning, Advanced Health Care Directive, Power of Attorney

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Long Term Healthcare Insurance – Solution or Dead End?

March 6, 2015
NWT Owner/Admin

health insurance

In my estate planning seminars I often tell potential clients that an important consideration for their long term healthcare is to purchase as much insurance as they can afford as early as they are able to do so. Recent events have caused me to question whether or not that remains true. More and more insurance companies are deciding not to offer long term healthcare insurance (LTHI)  because it is not a profitable Read More

Filed Under: Insurance, Elder Law, Trusts & Estates, Wills, Long Term Health Care Insurance Tagged With: long term health care insurance, long-term care insurance

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Don’t Look a Gift Horse in the Mouth

August 18, 2014
NWT Owner/Admin

home

What are the estate planning implications of gifting property or money to your heirs? I often get this question during the seminars I give regarding estate planning and Medicaid eligibility. People want to know what happens if I give my heirs some money now? How does that effect my estate? How is it taxed? And is it a good idea? And what is the origin of that silly phrase “Don’t look a gift horse in the Read More

Filed Under: Elder Law, Long Term Health Care Insurance, Medicaid, Gifting

Recent Posts

  • Your Adult Child’s Estate Plan: Why It’s Important?
  • What If You Fail to Name a Beneficiary?
  • Marital Separation and Estate Planning – Avoiding the Elective Marital Share Problem
  • Update Beneficiary Designations to Avoid a Disaster
  • Pet Trust: Will the Dog Inherit More Than Me?

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E-mail: neiltyra@tyralawfirm.com
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