Read important news regarding elder law, medicaid planning, estate planning, incapacity planning and business succession planning relevant to clients throughout Long Island (Nasau and Suffolk County).
Planning for One Is Easier Than Two—but Hardly Easy
Complexities involved in financial, incapacity, estate and long term care planning.
Estate Measure Creates Window to Give Children Up To $10 Million Tax-Free
New changes in the tax law increase the amount that can be transferred to heirs free of estate taxes from $2M to $10M. The exemption level for lifetime gifts have also increased significantly.
Care At Home: A New Civil Right
Medicaid is required by law to pay for qualifying individuals who receive their long term care at home instead of a nursing home.
Should You Pay a Relative to Take Care of Mom?
Compensation of family members who take care of aging loved-ones and a discussion of various strategies recommended by elder law attorneys to qualify for Medicaid and/or reduce potential estate and gift taxes in the process.
New Law Allows Life Insurance Money To Pay For Nursing Home
In order to reduce the cost burden of Medicaid on New York State's budget, a new law allows use of a portion of certain life insurance policy death benefits to be used for long term care expenses.