About Me
Contact Me
Share/Save/Bookmark
Subscribe

New York City OfficeNew York City Office

655 Third Avenue, 20th Floor
New York, New York 10017
(212) 490-2020 Phone
(212) 490-2990 Fax


Westchester OfficeWestchester Office

399 Knollwood Road
White Plains, New York 10603
(914) 684-2100 Phone
(914) 684-9865 Fax


Dutchess OfficeDutchess Office

21 Old Main Street, Suite 203
Fishkill, NY 12524
(845) 896-1106 Phone
(845) 896-1107 Fax

Posts Tagged ‘new york elder law’

Plan for the Care of Parents

According to the Pew Research Center, currently around 30% of adult children in America contribute financially to the care of parents. Expenses range from medical care to assisted living care to simply making sure the household contains enough food. As a result, plans for one’s own future care may need to include plans for the [...]

Continue reading...

Name Alternate Beneficiaries

When drafting a Will or trust document it is always important to consider multiple contingencies. One such contingency is the possibility that the primary beneficiary of your estate will not survive you. If a new beneficiary is not named, by default the state will decide how assets and property are to be distributed, according to [...]

Continue reading...

Restrictions on IRA Conversions to Change in 2010

Starting January 1, 2010, the rules governing conversion of traditional IRA or 401(K) accounts to a Roth IRA will change. Through the end of 2009, only people with a modified adjusted gross income of less than $100,000 are eligible to convert traditional accounts to a Roth IRA. The income restriction will be lifted in [...]

Continue reading...

Tax and Estate Planning: The Fate of the 2010 Estate Tax Remains in Question

Until the end of 2009, the inheritance tax, also referred to as the estate tax, stands at 45 percent for estates over $3.5 million. The tax will sunset at the end of the year, for one year only. It will then be reinstated in 2011 at the rate of 55% with an exemption of $1 [...]

Continue reading...

Tax and Estate Planning for 2010, Tax Credit Extension Lingers in Senate

In early December, the House voted to extend $31 billion in tax breaks that are due to expire at the end of 2009. The package of 45 deductions includes measures such as an income tax deduction for sales and property taxes, and credits for business to fund research and development.
The tax breaks are [...]

Continue reading...

Considering the Possibility of Continuing Education in Special Needs Planning

Children with special needs face a variety of challenges when pursuing a post-secondary education. Regardless of disability, all children have certain rights guaranteed to them to help optimize their educational experience.
Some children with special needs may wish to continue their education beyond high school. It is important for these students and their parents to [...]

Continue reading...

Estate Planning and Trust Protectors

A trust protector is an individual who will oversee a trust and make sure it is not affected in the event that laws or other circumstances change. A trust that will be in effect for a lengthy period of time may benefit from a trust protector. Appointing a trust protector makes a long-term trust more [...]

Continue reading...

Estate and Elder Law Planning Concerns for Same Sex Couples

GLBT couples face several unique challenges, many of which are due to the fact that the federal government does not recognize state-sanctioned marriages, civil unions or domestic partnerships. Social Security provides one key example of inequality built into the law. Social Security is a federal law, and the federal government determines eligibility rules. The failure [...]

Continue reading...

Special Needs Planning for Children Transitioning into Adulthood

As a child with special needs approaches the age of 18, a variety of circumstances change. Programs that are available to help with the care of minors may no longer be available for adults. Eligibility for public financial benefits is subject to strict rules. Health care decisions may not automatically be left to parents or [...]

Continue reading...

Tax and Estate Planning: Take Advantage of Tax Deductions for Assisted Living Costs

People who are familiar with the costs associated with nursing home care are acutely aware that care is getting more and more expensive every year. Fortunately, a portion of the cost of nursing home care, like other medical expenses, can be deducted as an itemized expense on federal tax returns. Medical expenses, including some longterm [...]

Continue reading...