Preserving & Protecting Your Family’s Assets & Legacy
My client was a pedestrian struck by a car. She suffered a badly fractured arm but declined surgery due to a history of anesthesia complications. The case venue was not favorable to plaintiffs (meaning the jury is conservative with money). To maximize recovery, I made...
One topic of estate planning that we spend considerable time discussing with our clients is the succession of ownership of the client’s assets. It should not come as a surprise that almost all our clients want their assets to be passed on to their loved ones. In most...
Nearly five years after Aretha Franklin’s death, it seems that the battle over her estate may finally be over. While few people have her wealth, all too many people make similar mistakes. She failed to properly execute an estate plan resulting in years of litigation....
Medicaid provides coverage for long-term nursing home care, but applicants must adhere to strict asset transfer rules. One such rule is the 60-month look-back period for Chronic Care (Nursing Home) Medicaid (see “What is the 5 Year Look-Back for Medicaid?"). However,...
Chronic Care Medicaid is a program that covers long-term nursing home care, subject to a 5-year asset lookback (see "What is the Five-Year Lookback for Medicaid?" for more details). The timing of the application submission for Chronic Care Medicaid is crucial. If the...
Medicaid is a government program that provides medical care to individuals with long-term health conditions. Many people who require chronic care depend on Medicaid to cover the high cost of nursing homes, which can be upwards of $18,000 per month on Long Island....
I always educate my clients and people at seminars about the importance and impact of having property automobile insurance coverage. A 19 year old client of mine was a passenger in his friend’s truck which was involved in a single car accident (it hit a tree). My...
Often, potential clients call me regarding what we call “trip and fall” cases. The name speaks for itself. Most injuries sustained in these accidents are severe, but that does not mean there is a case. Liability is the first consideration as these types of cases are...
Creating an estate plan isn’t necessarily a fun thing to do, but it’s necessary for all adults regardless of wealth. While some people think all you have to do is write a will, there’s much more that you have to do to have a comprehensive estate plan. As you’re...
Generally speaking, when it comes to establishing an estate plan, a Last Will & Testament is an essential document to execute. With a Will, the creator, or testator, can address many different things, but the main purpose of a Will is to provide direction as to...