Elder Law

Reverse Mortgage Trusts

By Burner Law Group, P.C. / May 7, 2021 / 0 Comments

Question: My mother owns her home and is considering putting it into an irrevocable trust. She is concerned that if in the future she wanted to take a Reverse Mortgage on the property, she would not be able because the house is owned by a trust, is that correct? Answer:  The mere fact that a […]

Read More

Trusts for Mommy and Me

By Burner Law Group, P.C. / December 3, 2020 / 0 Comments

Question:  My mother has a trust that protects her house in case she needs long term care in a nursing home.  Is this legal?  Also, when she dies the trust is paid to another trust for me.  Do I need this?  I am only 53 and my mother is 75.  Answer: I assume what you […]

Read More

Protecting Assets in the Context of a Guardianship Proceeding

By Burner Law Group, P.C. / November 14, 2020 / 0 Comments

While the best elder law and estate plan is to have a valid health care proxy naming agents and a valid durable power of attorney naming an agent to make financial decisions, not everyone has done the proper planning.  It is not uncommon for an elderly person to fall ill, be hospitalized and then need […]

Read More

Medicare Does Not Pay for Long-Term Care at Home

By Burner Law Group, P.C. / October 21, 2020 / 0 Comments

The Medicare program is administered jointly by the state and federal government.  Medicare is available to adults 65 years of age and older, or to anyone under the age of 65 who is entitled to Social Security Disability. Medicare provides varying levels of medical coverage, depending on the plan you have.  Medicare Part A and […]

Read More

Revocable Trusts Are Not for Medicaid Planning

By Burner Law Group, P.C. / August 24, 2020 / 0 Comments

A revocable trust is not used in Medicaid planning. According to the Medicaid program, assets in a revocable trust are still considered available resources for eligibility purposes.  This is because the grantor of a revocable trust has full control of and access to the money and property in the trust, and thus can utilize those […]

Read More

Gifting to Avoid Taxes

By Burner Law Group, P.C. / August 5, 2020 / 0 Comments

There are several planning methods that can be utilized throughout your lifetime to reduce or eliminate taxes upon your death. Gifting is one option to avoid estate taxes. Anyone can gift up to $15,000 per beneficiary in 2020 without having to pay any gift tax (which is combined with the estate tax). Additionally, the Federal […]

Read More

Returning Your RMD to Benefit from the CARES Act

By Burner Law Group, P.C. / July 29, 2020 / 0 Comments

For certain retirement accounts, the IRS requires you to take distributions based upon your life expectancy once you reach the age of 72 ½ (the required age was raised from 70 ½ with the passage of the SECURE Act in December 2019). As a result of the COVID-19 emergency, the CARES Act suspended the requirement […]

Read More

Suffolk County Surrogate’s Court Update

By Burner Law Group, P.C. / May 21, 2020 / 0 Comments

As of Monday, May 18, 2020, any uncontested probate, administration and small estate matter involving an individual who passed away due to COVID-19 related causes is deemed an essential matter. This means if your estate involves a COVID-19 related death and the court will process the matter upon filing of properly completed filings and notice […]

Read More

An Effort to Slow the Spread in Nursing Homes

By Burner Law Group, P.C. / May 13, 2020 / 0 Comments

It is difficult to escape stories in the news today about the rise in COVID cases in nursing facilities in New York State and around the country.  Given the vulnerability of the senior population to the virus, we were not surprised to hear in the beginning of March that the nursing homes were being “locked […]

Read More

Economic Impact Payments Issued to Deceased Taxpayers

By Burner Law Group, P.C. / May 8, 2020 / 0 Comments

Millions of Americans have already received their Economic Impact Payments (EIP) authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Internal Revenue Service (IRS) continues to automatically send the EIP to most eligible individuals. Many have received checks payable to taxpayers who died in 2018 or 2019 since payments were based […]

Read More
Scroll to Top