On behalf of Futterman, Lanza & Pasculli, LLP | Dec 25, 2015 | Estate Planning
A question asked time and again is whether the house transferred into the Medicaid Asset Protection Trust can be sold. The answer is: YES. The next question is what happens? The following will attempt to answer this question. Sally of Smithtown, New York transferred...
On behalf of Futterman, Lanza & Pasculli, LLP | Dec 23, 2015 | Estate Planning
When discussing client’s Last Wills, I always discuss the possibility of a common disaster. I know it’s not pleasant, but it is a reality, and should be discussed. Why? Because you, the client, can, and should, have control over the disposition of your...
On behalf of Futterman, Lanza & Pasculli, LLP | Dec 11, 2015 | Estate Administration
There is great responsibility being the executor of an estate; standards of prudence, vigilance, and care are expected from the executor. An executor is one type of fiduciary (a trustee is another type) and to quote Chief Judge Cardozo from his decision in Meinhard v...
On behalf of Futterman, Lanza & Pasculli, LLP | Dec 10, 2015 | Estate Administration
A common job for an executor is to dispose of the deceased owner’s automobile or automobiles. How this is accomplished depends upon the answers to a few questions. Question 1: how many cars did the deceased own? Question 2: how much is each car worth? Question...
On behalf of Futterman, Lanza & Pasculli, LLP | Dec 4, 2015 | Estate Planning
An appointed health care agent stands in your shoes and makes important medical decisions for you with your doctors about your medical treatment and may even stop life sustaining measures if there is no hope of recovery. If you feel that this person is no longer the...
