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What Are the Tax Implications of Transferring Property Into a Trust?
While a trust technically becomes the owner of your home when you sign a deed transferring ownership to a grantor trust, rest assured that you will still receive the same real estate tax exemptions and/or benefits that you received when your home was owned in your individual name.
A small number of participants whose plan has been terminated for 2025 will not be automatically assigned to a new plan.
Medicare covers up to 100 days at a skilled nursing facility. Learn more about what qualifies for coverage and what doesn't.
Whether it be through New York's Mental Hygiene Law Article 81 or SCPA Article 17-A, it is possible to provide for the needs of vulnerable adults.
National Healthcare Decisions Day (April 16) is a day dedicated to educating and engaging people in conversations about advance directives.
In an era where convenience and safety are paramount, New York State has taken a significant step forward by allowing the remote witnessing of health care proxies. This change is particularly beneficial for individuals who, for medical reasons, cannot safely execute a health care proxy in the presence of two witnesses.
Question: I had an irrevocable trust drawn up for me years ago. What are its benefits, and do I need to update it?
Medicare never covers the full cost of a skilled nursing facility. Medicare does not always provide 100 days of rehabilitation, it will pay “up to” 100 days.
Britt Burner, Esq. discusses the importance of Estate Planning documents, the process of probate, and common misconceptions in elder law.
If you have been named as a trustee of someone’s trust, you may be wondering what you are supposed to do. It is important that the trustee understand their duties and responsibilities. The most important thing to remember as trustee is that the trust assets are not your assets.
In addition to traditional healthcare advance directives, such as a Healthcare Proxy and Living Will, the MOLST form is another directive one can execute to ensure their end-of-life wishes are followed. MOLST stands for “Medical Orders for Life-Sustaining Treatment.”
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The COVID-19 pandemic has devastated families across the United States, leaving countless people grappling with loss, grief, and unanswered questions. If you’re one of the many people who have lost a loved one to COVID-19, you may be wondering if there is any recourse you can take against the nursing home where your loved one lived.
New York State has recently passed new legislation – NY Executive Law Section 135-c, bringing significant changes to the rules governing notarization.