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Where Should Your Original Will Be Stored?

Hurricane Sandy may have caused more damage on Staten Island than in any of the five boroughs of New York City. Houses were destroyed and at least 23 people were killed as the storm tore through the coast. As the cleanup and rebuilding continues, residents should start dealing with replacing important documents and records that [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

The Complications of Probating Large Estates

Individuals and couples with very large estates face a number of complications during the probate process. Common issues that arise include: Gathering assets. The executor of a person’s will is responsible for gathering assets for probate. This process is more complicated when there are many types of assets titled in different ways such as property [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

The Responsibilities of an Executor

Actor Cory Monteith, well-known for playing heartthrob Finn Hudson in the popular TV series Glee, died unexpectedly in June of this year at only age 31. Little has been reported about the future of Mr. Monteith’s estate, estimated as being worth some $2 million. This tragedy underlines the importance of having a will in place. [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

How to Deal With the Unexpected

Each year, the anniversary of the 9/11 tragedy reminds us how fragile life is and how quickly tragedy can strike. The unexpected death of a loved one is a personal tragedy that affects people deeply and permanently. Learning of a loved one’s untimely passing can make people feel lost and overwhelmed. Stages Of Grief In [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

The Nursing Home Private Pay Charge-to-Medicaid Reimbursement Ratio

A hospital bed is a parked taxi with the meter running. - Groucho Marx Alexis Rodriguez, an unemployed doorman, expected he would get a hospital bill after his three-week hospitalization for pneumonia at New York’s Bronx-Lebanon hospital.  He almost had an asthma attack when the bill that arrived was for more than $44 million. In [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

Advanced Health Care Directives

The New York Times reports that as the great anti-apartheid leader Nelson Mandela remains in critical condition, his family is facing some very difficult decisions regarding his end-of-life care, particularly whether or not to continue life support. You can make it easier on your family by establishing some guidelines for them to follow by preparation [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

The Obamacare Medicaid Expansion

The Patient Protection and Affordable Care Act (“Obamacare”) is one of the most significant and controversial pieces of legislation to have been passed for many years. Despite numerous legal challenges, the U.S. Supreme Court has generally ruled that the legislation is constitutional. However, in a recent case, the Court held that states may opt out [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments

Planning the Right Gift

There are many ways of making gifts to family members and to charities and, if the gift is done right, you may be able to avoid taxes. Here are just a few ideas to discuss with your estate planning attorney: Annual exclusion gifts There is no gift tax on gifts that do not exceed a [...]

By | 2016-11-16T20:33:20+00:00 January 16th, 2016|Uncategorized|0 Comments