Creating a Solid Life Plan for the Future
We work hard to make sure our young children are safe, happy and healthy. We look in to their eyes and feel an innate need to ensure their well-being. We take them to the doctors at the earliest sign of…
Fideicomisos diferentes para fines diferentes: Primera parte
Trusts are a common and popular part of many estate plans. However, despite the commonplace of trusts some people do not understand how some of these trusts work and therefore feel they do not have a need for one. Trusts…
The Importance of Estate Planning: Protecting Your Family’s Future
Get the estate planning documents in place. John was in good health but unfortunately passed away leaving his wife, Angela and their three children to not only deal with his loss but also his estate. He managed the family's financial…
The Power of Attorney: A Must-Have for College-Bound Kids
Llega de nuevo esa época del año en la que nuestros hijos empiezan a despedirse de las vacaciones de verano y se preparan para un nuevo curso escolar. Es por estas fechas cuando muchos padres se llevan a sus hijos a...
The Evolution of Social Security
El 14 de agosto de 1935, el Presidente Franklin Delano Roosevelt promulgó la Ley de Seguridad Social, creando así lo que hoy muchos consideran la base de la jubilación en Estados Unidos. La Ley de Seguridad Social estableció una nueva y revolucionaria forma...
The Impact of the Recent Amendment to Real Property Tax Laws
Governor Cuomo recently signed an amendment to the Real Property Tax Laws that will continue partial tax abatements for cooperatives and condominiums held in trust. In Enero 2013 the New York State legislature passed Chapter 4 of the Laws of…
Medicaid: Mistake #6 – Not Getting Professional Help
Many people get their Medicaid counseling from a friend or neighbor at the coffee shop, or from someone with a financial interest in some particular strategy. Don’t do it! Whatever money you “save” by trying to handle these matters yourself…
Las parejas del mismo sexo ya pueden acogerse a la Seguridad Social y a Medicare
Thanks to the Supreme Court’s recent decision striking down the Defense of Marriage Act in U.S. v. Windsor, same-sex married couples can now enjoy two of the cornerstones of retirement planning – Social Security and Medicare benefits. Now that same-sex…
Lessons from James Gandolfini’s Estate Tax Planning Mistake
I’m sure James Gandolfini had good intentions when he updated his estate plan in Diciembre 2012, months after the birth of his daughter. But good intentions sometimes result in costly consequences, and this is no exception. Thanks to poor estate…
Medicaid: Mistake #5 – Failing to Take Advantage of Protections for the Healthy Spouse
When a loved one goes into a nursing home it can be a difficult transition for the whole family. This can be especially true for the “healthy spouse” who stays at home while his or her spouse is in a…