The Difference Between Revocable and Irrevocable Trusts

The Difference Between Revocable and Irrevocable Trusts

Have you ever heard of the term legalese? It is the language unique to the legal profession that often appears in fine print. This makes it easy to ignore, hard to read and, for the uninitiated, impossible to understand. To complicate matters further, some legal terminology is unique to certain aspects of the law. ...
Read More
Changes to New York State Medicaid Laws Have Arrived

Changes to New York State Medicaid Laws Have Arrived

Did you know that, on October 1, 2020, significant changes to New York’s Medicaid law are anticipated to go into effect? These changes are likely to make it more difficult for many New Yorkers to obtain Medicaid benefits for long-term care costs, including valuable home care costs. Let us discuss a few of the central...
Read More
Tough Questions to Ask Your Aging Parents

Tough Questions to Ask Your Aging Parents

Estate planning topics can be stressful at the best of times. Talking these things through with your aging parents can be especially difficult, both for you and for them. Did you know, however, that asking your parents questions regarding their plans for the future can end up bringing everyone peace of mind?   Let us...
Read More
A Standalone Retirement Trust Can Safeguard Your IRA Beneficiaries

A Standalone Retirement Trust Can Safeguard Your IRA Beneficiaries

A Standalone Retirement Trust solves a number of issues related to leaving behind tax-qualified retirement accounts as an inheritance to non-spousal beneficiaries. In other words, leaving unspent funds from an IRA or 401k directly to your loved ones has some downsides.  People with IRAs, 401ks, and similar accounts,...
Read More