Donaciones benéficas: ¿efectivo o crédito?
Ahora es el momento de dar, antes de que acabe el año. ¿Ha oído alguna vez la frase "Más vale dar que recibir"? Pues aunque usted no la haya oído, Hacienda sí. Prueba de ello son las deducciones fiscales...
Can You Control Your NFL Seating License After Death?
The simplest of activities are usually what brings a family together, creating traditions and lifetimes of memories. For many families, this activity is football. If your family has purchased a personal seating license (“PSL”) to get season tickets for your…
Medicaid: A Complex and Irrational Program
Giving assets will not automatically qualify you for Medicaid. The Medicaid program is very complex and irrational. A gift to your child will subject you to a Medicaid transfer penalty for nursing home care coverage if made within five years…
Trust Beneficiaries: Hold Your Trustees Accountable
In a recent case, a New York trial court has ordered BNY Mellon to pay back a Special Needs Trust nearly $180,000 for its failure to ensure that the trust’s beneficiary qualified for public benefits. In Liranzo v. LI Jewish…
Ensuring a Bright Future for Children with Special Needs
For many parents of children with special needs there is an inherent fear of death. While most people are afraid of dying, for the parents of a child with special needs this fear goes beyond the normal dread and extends…
The Intricacies of Life Estate: Ownership and Occupation
The term Life Estate seems like an oxymoron, and may be confusing to someone who is not familiar with the term. A “Life Estate” is a legal arrangement that allows a person to have possession of property during his or…
Can you end life support for yourself?
An Indiana man, Tim Bowers, who was paralyzed from the shoulders down during a recent hunting accident asked that he be removed from life support and died hours later. Bowers, who fell 16 feet from a tree while hunting recently,…
Exploring the Challenges with Veterans Affairs Claims
U.S. Department of Veterans Affairs (VA) has reputation for its delays. The process can take a long time from the submission of an application to the actual payment of a benefit. Historically, this process has ranged from a few months…
Improving Lives: The Special Needs Trust Fairness Act
It is very exciting to report that Senators Nelson, Grassley, Rockefeller and Enzi have introduced the Special Needs Trust Fairness Act this morning. This legislation (S.B.1672) will improve the lives of people with disabilities who were unable to set up their…
Exploring Ways to Protect Your Real Property
1. Why should I take steps to protect my home? If you suffer a long term illness and you have not taken steps to protect your home, your home may have to be sold to pay for your care. 2…