We often see clients with concerns about loved ones who receive government benefits such as Supplemental Security Income (SSI) and/or Medicaid. Since SSI and Medicaid have very strict rules as to how much money and how much income beneficiaries can…
There are three types of guardianship proceedings in New York State: Article 17 - Guardianship of minors. Article 17A - Guardianship of adult individuals with intellectual or developmental disabilities. Article 81 - A mental hygiene proceeding for adults who had…
Hace poco estuve ayudando a una pareja con la planificación. Por desgracia, el marido falleció hace unas dos semanas. Después de su muerte, la familia se dio cuenta de que tenía una cuenta bancaria a su nombre, con unos 3.000 dólares. No se dieron cuenta antes de que falleciera, de lo contrario se habrían ocupado de ello.
Although legal planning documents such as a apoderamiento sanitario, poder notarial, last will & testament, etc. are an important part of any estate plan, if you are the parent of a child with special needs, these standard estate planning documents may not be adequate. If your child will not be able to live independently or support him or herself as an adult, it is critical that you make special provisions in your estate plan.
Para evitar testamentariopuede decidir poner su casa en un fideicomiso revocable o poner a alguien de su confianza en la escritura, creando una copropiedad. Cada una de estas opciones tiene sus pros y sus contras, pero ¿cuál es la mejor salvaguarda?
Today (Marzo 6, 2017) marks the last day a fiduciary of a trust or estate can make a distribution from the trust or estate, and still take the 65-day election on the fiduciary income tax return. The general rule is,…
On Long Island, a tax break affecting 35,000 Nassau County seniors was not renewed this year. Recently, Nassau County let a long-standing property tax abatement expire without any notice to the recipients of the abatement. Approximately 35,000 seniors, all earning…
Reporting the sale of real property could be either really complicated or relatively simple, depending on the facts and circumstances. The type of property will also impact the manner and type of taxes that need to be paid. There may…
Para quienes actualmente tienen herencias sujetas a impuestos, la pregunta candente es: "¿Qué planificación debe o no debe llevarse a cabo a la luz de una esperada derogación del impuesto federal sobre el patrimonio?"
If you loved watching the inspirational and resourceful two-time Telly Award winning show, Family Comes First this past season, you’ll be glad to know you can now watch your favorite episodes at your leisure. Vincent J. Russo and Victoria Roberts…