Preserving & Protecting Your Family’s Assets & Legacy
When it comes to making an estate plan, you often hear about people creating trusts. The two most common trusts mentioned are Irrevocable Trusts and Revocable Trusts. Similarities Let’s first begin with some of the similarities between the two. Both an Irrevocable...
When scheduling an appointment with your attorney, you should always keep in mind what you are looking to achieve. Are you coming in to discuss your estate plan, asset protection for long-term care or estate administration for your loved one who passed away? While...
One common misconception surrounding Estate Planning is that an Estate Plan can only be executed by older adults. This simply is not true. There are certain basic estate planning measures that should be taken as soon as a person reaches the age of 18 years. Every...
By Anna Gavrysh, Esq. On February 26, 2025, the New York State Department of Health posted the updated financial eligibility criteria for Medicaid applicants and recipients effective for all new and pending applications. Income Limit for Community Medicaid The monthly...
Firm attorney Wayne Carrabus recently wrote an article for Long Island Business News. The piece titled "IRS clarifies 10-year rule for inherited IRAs" delves into the IRS's recent clarification on the 10-year rule for inherited IRAs, introduced under the SECURE Act of...
As attorneys Jennifer Raguso and Wayne Carrabus recently wrote about for Long Island Business News, Medicaid and Community-Based Services waiver programs in New York State provide essential support to individuals with disabilities and chronic conditions, allowing them...
Some people who are in the process of doing their estate plans or those considering doing their estate plans in the future might have heard about Increased Estate, Gift Tax Exemption & Annual Exclusion. Skilled attorneys at Futterman Lanza, LLP are here to walk...
Have you ever thought about what would happen if you were unable to make decisions about your own health care? Who would speak for you, and how would they know what you want? Most of us don't like to think about the possibility of being seriously ill or injured....
Estate planning is a critical aspect of everyone's life. It is not just about managing your assets -even though it does that- but also about ensuring you take care of your family members and loved ones after you pass on. Life can take unexpected twists and turns, so...
Power of Attorney (POA) is a legal process that allows you, the principal, to designate an individual, known as your "agent," to manage your affairs if you cannot do so yourself. This legal document is essential for ensuring that your financial, legal, and...