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...
New York Medicaid asset and income limits for Long Term Care Medicaid are based on a percentage of the Federal Poverty Levels (“FPL”). On January 1, 2023, New York State will increase these percentages. This translates into substantial increases for both income and...
IRS Rev. Proc. 2022-38 outlines the increase, for inflation, to the Federal Estate Tax Exemption for 2023, which is $12,920,000.00 per individual (compared to $12,060,00.00 in 2022), or $25,840,000.00 for a married couple (compared to $24,120,00.00 in 2022). The new...
Increasingly, our world is becoming more digital. Email, Twitter, Facebook, YouTube, Yelp, Instagram, Pinterest, Vimeo, photo, video and music accounts…. the list goes on and on. So what happens to these accounts, and more importantly, the content in these accounts,...
When it comes to an Estate Plan, every adult should have at least a basic plan in place. An Estate Plan is created, in large part, by executing legal documents. Each document addresses one or a few things, and all the documents come together to form a comprehensive...
Estate planning is so much more than drafting a Will. Trusts, Power of Attorneys and Health Care Proxies all perform very different functions. Getting your final wishes down on paper can feel overwhelming. The truth is that this puts many people off from estate...