Many nursing home facilities in the United States receive funding from Medicaid and/or Medicare. Those facilities which do receive federal funds are regulated by federal law. These laws are the basis for all nursing home residents’ quality of care, rights,…
The Trump Policy Analysis Group (TPAG) [1] has convened to consider probable changes in law that will affect older Americans and those with special needs. Initial TPAG focus is on entitlements, public benefits, tax, special needs planning, and veterans’ benefits. We…
Many years ago, there were certain restrictions for home care. It used to be that, in a home care setting, if somebody wanted to hire help outside of an agency to care for mom and dad, that hired person could…
Ser el fideicomisario de un fideicomiso para necesidades especiales es una función muy importante, ya que sirve para proteger los intereses de un beneficiario con necesidades especiales. A menudo, un fideicomiso para necesidades especiales se establece para que el beneficiario pueda tener los...
In our last article, we discussed the ramifications of not having a succession plan in place for a business. In this article, we will discuss the role of a fiduciary of an estate, and how an individual in that role can ensure the business continues to operate if the owner passes away.
In order to continue running the business of a deceased person, someone must be appointed as the fiduciary. This is all dependent on whether there is an estate plan in place, namely if the owner has a Last Will and Testament that must be probated with the local Surrogate’s Court.
Cuando una persona es propietaria de una empresa y fallece, la empresa no cesa automáticamente.-aunque sea el socio principal o el propietario único. Sigue habiendo empleados a los que hay que pagar, productos que hay que vender, pedidos que hay que cumplir y proveedores y otras obligaciones a las que también hay que pagar.
Siempre hay muchas turbulencias cuando alguien fallece, pero si es propietario de una empresa, es casi exponencialmente perturbador y difícil. Es muy importante que los propietarios de una empresa piensen en la planificación de la sucesión de la empresa y del patrimonio. No sólo para su familia inmediata, sino también para sus empleados y las personas con las que hace negocios habitualmente.. De lo contrario, puede ser increíblemente lento, costoso y difícil que se tomen las medidas adecuadas para continuar con el negocio.
As we age, we are taught that it is important to have a will. Some of us recognize the value of having a Durable Power of Attorney, Health Care Proxy, Living Will, and Living Trusts. What happens beyond those items?…
A trust is established by people looking to maintain control of their assets while avoiding the probate process, which is the process by which a family takes the decedent’s will to court. As part of probate, the court reviews the…
A frequent question I get from clients who are considering putting their house into a Medicaid Asset Protection Trust is,“If my house is in the trust, can I sell it if I so choose in the future?” First, let’s look at…
If you are an agent under a healthcare proxy for a loved one, you may be faced with some difficult questions and issues from time-to-time.