On behalf of Futterman, Lanza & Pasculli, LLP | Mar 23, 2018 | Income, Tax, Trust
Update: Here are the 2019 income tax rates for trusts and estates The IRS recently enacted revenue procedure 2016-55 which updates rules in the tax code that are regularly adjusted due to inflation. Among the changes includes the tax brackets for estate and trust...
On behalf of Futterman, Lanza & Pasculli, LLP | Mar 22, 2018 | Advance Health Care Directives
Deciding how to be cared for in the event of incapacitation can be difficult for any New York resident. There may be many facets to consider, such as priorities in one’s life and how certain decisions may affect family. However, a living will can contain any...
On behalf of Futterman, Lanza & Pasculli, LLP | Mar 20, 2018 | Medicaid Planning
Put Your Rental Home into a Corporation or LLC Putting Rental Home Into a LLC or S-Corp is Sound Medicaid Planning by Aaron E. Futterman, Esq. To qualify for Medicaid in New York, the Medicaid Regulations (“Regulations”) provide that all income and...
On behalf of Futterman, Lanza & Pasculli, LLP | Mar 2, 2018 | Elder Law
Most irrevocable trusts created for the purpose of protecting assets from the costs of long term care (i.e., the nursing home) must file a Form 1041 (for IRS Federal filing purposes) and a Form IT-205 (for New York State filing purposes) only once – for the year...
