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Burner Prudenti Law Recognized in LIBN’s In The Lead 2026: Women-Owned Businesses
Burner Prudenti Law is proud to be included in Long Island Business News’ In The Lead 2026: Women-Owned Businesses, an annual feature recognizing women-owned businesses and their contributions to Long Island’s business community.
Clients often ask how they can ensure the home in which they live or their vacation home can be protected against the cost of long term care. These assets are often worth much more to our clients than the cash value; they represent hard work to pay off the mortgage and are wrapped in memories.
I am considering creating an Irrevocable Trust to protect my house and other assets, but I am concerned about creating a situation where my children will have to pay Capital Gains tax.
My friend suggested that I transfer my house to my children in case I need nursing home care in the future. Is this advisable?
