It is understandable to want to maintain the privacy of your estate plan and finances. Yet, failing to disclose this crucial information to your loved ones before you become ill, […] Read more »
In their journey through the golden years, many seniors find themselves in a gray area where they are past the point of living safely and independently in their homes, but […] Read more »
In order to financially qualify for home care Medicaid (HCMA) or nursing home Medicaid (NHMA) in New York State, one’s liquid non-retirement assets must total below $31,175 for a single […] Read more »
Too often, homeowners dismiss the idea of transferring their real property to an inter vivos trust (i.e., a trust that is created during one’s lifetime as opposed to a trust […] Read more »
It is a misconception that, in order to protect one’s assets from the cost of long-term care, an individual must transfer all of their assets to an irrevocable Medicaid asset […] Read more »
Most people purchase life insurance to ensure their loved ones will be financially sound upon their demise. While the details of these policies vary, they generally fall into one of […] Read more »
The U.S. Administration on Aging estimates that 70% of Americans over the age of 65 will require long-term care services, such as home care, assisted living, or skilled nursing. The […] Read more »
As the use of AI and cloud-based platforms have become widespread, so have “DIY” Last Wills and Testaments (LWTs). There is no denying the convenience of drafting your LWT from […] Read more »
Part One of this article from January 2024 discussed how affluent New Yorkers who do not engage in estate tax planning could find themselves paying a combined federal and NY […] Read more »
For the vast majority of New Yorkers, the federal estate and gift tax and the New York estate tax is not an issue. However, for affluent residents of the State […] Read more »
